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If you receive 500 EUR as a payment, how do you declare it? Easy, you declare it as however much GBP it was at the time. If you receive it as a wire transfer your bank will even make this conversion for you! So with BTC if you receive 2.5 BTC you have to see what the GBP value is and declare that as your receipts, and pay VAT and whatever other taxes on it....


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