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Money Morals: What should I charge a friend to rent my spare room? Should I pay off my student loan before applying for a mortgage? Taxman drops plan to charge VAT on Bitcoins days after major exchange Mt. Read this: Taxman drops plan to charge VAT on Bitcoins days after major exchange Mt.

The taxman is preparing to drop plans to tax Bitcoin trading days after the currency’s leading exchange Mt. Customs said in a meeting with UK traders that it had dropped a plan to charge 20 per cent VAT on Bitcoin transactions adding it would not tax margins either, according to a report in the Financial Times. The British support for the currency comes days after Mt. Gox, once the world’s largest Bitcoin exchange, filed for bankruptcy.