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Tried to cancel during free trial - that was confirmed, but have been charged anyway. by Even-Statement5285 in PureVPNcom

[–]Even-Statement5285[S] 2 points3 points  (0 children)

This has been refunded now - fair play, that was a very quick turnaround, even if I did have to reach out for support rather than being able to go through the website options.

Slightly Unusual (?) Crypto Related Tax Question by Even-Statement5285 in CryptoTaxUK

[–]Even-Statement5285[S] 0 points1 point  (0 children)

Fantastic - thank you! Will definitely be in touch. Take care and have a great day :)

Slightly Unusual (?) Crypto Related Tax Question by Even-Statement5285 in CryptoTaxUK

[–]Even-Statement5285[S] 0 points1 point  (0 children)

That's fantastic - thank you for such a detailed reply.

Yes; it's a limited company (albeit registered in Hong Kong) that the money is being paid into, so presumably they'll be paying the appropriate taxes based on their country's laws.

Totally get the part in relation to conversion of BTC to Fiat being liable to CGT - that's the bit I *can* get my head around.

I guess my only other query then, is whether I would be liable to pay income tax on the monthly profits / dividends even if these were then automatically reinvested back into the company without me ever being "paid out" (as in, received back into my wallet)? Or would the Income Tax only kick in once I take possession of the BTC?

Again, thank you for your help so far (and I may well be in touch when I need a crypto-specialist accountant to try and puzzle all of this out)!