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Squalleonhart

Silver Premium Member
  • Posts

    705
  • Joined

  • Last visited

  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Haha
    Squalleonhart got a reaction from SilverDrum in Lancashire meetup-Crypto-Silver 1Kg (£780) and 5Kg (£3850) bars for sale, No dirty fiat please, ONLY Crypto accepted Monero, Bitcoin, Litecoin...   
    Definitely clogging up your sales pitch now 🤣. Correct me if im wrong but in the uk you have to provide id to open any crypto account or wallet......so they know we have that also.......how are they going to know i bought x amount of 2nd hand PM and come knocking on my door? I paid 700 for a bar but i bought an oz of cgt gold for 1600 if i want to sell the bar in the future wheres the proof i didnt get ripped off and bought the bar for 1600 and got a steal on the gold for 700?
     
    Unless ur liquidating all in 1 go your never going to have an issue, unless ur dealing crypto because theres a record or cbdc for the same reason. 
     
    Anyway all this will be removed by tomorrow because its nothing to do with the sale.....your bars are extortionate check other listings and reevaluate.......lay off the weed too 🤣
  2. Like
    Squalleonhart reacted to HonestMoneyGoldSilver in Lancashire meetup-Crypto-Silver 1Kg (£780) and 5Kg (£3850) bars for sale, No dirty fiat please, ONLY Crypto accepted Monero, Bitcoin, Litecoin...   
    You might wanna have a quick read below, a barrel of laughs so it is.
    You want to charge 10% over market price with 0 feedback. You want to meet in person and get crypto so nobody has your name or recourse if anything goes wrong. Then you want to subject both yourself and your counterparty to potential criminal penalties by deliberately obfuscating taxable events. You've done all of this on a public forum plus asked for a currency (MONERO) that is a keyword trigger for SOCA:
    Can HMRC track crypto?
    Yes - HMRC can track cryptocurrency.
    HMRC has a data-sharing program with all UK exchanges. HMRC has crypto transaction data from as far back as 2014. HMRC has the KYC information you provided when signing up for any UK exchange or wallet. HMRC confirmed a couple of years ago that they were working with large crypto exchanges to share customer information provided from Know Your Customer (KYC) identification records. HMRC is using this information to send nudge letters to crypto investors reminding them to report their crypto and pay their taxes.
    In January 2022, Coinbase began contacting customers with more than £3,000 in crypto to let them know they were sharing account information with HMRC. In March 2023, Coinbase began sending out emails to UK customers who received payments of more than £5,000 in fiat currency informing them that Coinbase had shared information about their account with HMRC, as required by the Finance Act.
    How is crypto taxed in the UK?
    There is no specific Bitcoin tax or cryptocurrency tax in the UK. Instead, your crypto will either be subject to Capital Gains Tax or Income Tax.
    The crypto tax you'll pay depends on the specific transactions you're making with your crypto. If you're seen to be making an income, you'll pay Income Tax. If you're seen to be making a capital gain, you'll pay Capital Gains Tax.
    Crypto Capital Gains Tax UK
    Because HMRC sees crypto as a capital asset, when you dispose of a capital asset - you'll pay Capital Gains Tax. Disposals of crypto include:
    Selling crypto for GBP or another fiat currency. Trading crypto for crypto, including stablecoins. Spending crypto on goods and services. Gifting crypto - unless it's to your spouse or civil partner. So anytime you sell, trade, spend, or gift crypto in the UK - you'll pay Capital Gains Tax as a result.
    Don't worry - you won't pay tax on the entire proceeds when you make a disposal. You'll only pay tax on crypto gains, so whenever you've made a profit.
    When do you need to report your crypto taxes to HMRC?
    The UK financial year runs from the 6th of April to the 5th of April the next year.
    So the financial year you'll be reporting on in 2024 is from the 6th of April 2022 to the 5th of April 2023. You need to report your taxes for this financial year by the 31st of January 2024. You'll declare all your crypto taxes in your Self Assessment Tax Return.
    Can crypto tax be avoided the UK?
    No - you can't outright avoid crypto tax without facing the wrath of HMRC
    How to report crypto taxes to HMRC
    You file your crypto taxes as part of your Self Assessment Tax Return. You can see our complete guide on reporting crypto to HMRC, but in summary:
    Report crypto capital gains and losses on: SA100 and Capital Gains Summary SA108.
    Report crypto income on: Box 17 of your Self Assessment Tax Return (SA100).
    Tax avoidance vs tax evasion – what’s the difference?
    Tax evasion and avoidance schemes are designed to reduce people’s tax bills and are both viewed negatively by HMRC.
    The difference between tax avoidance and tax evasion is that tax avoidance schemes operate within the law, but are described by HMRC as not being ‘in the spirit of the law’.
    Genuine mistakes on a tax return such as miscalculations and missed deadlines can also be considered tax avoidance.
    On the other hand, tax evasion involves deliberately withholding or providing inaccurate information to pay less tax.
    Examples of this include:
    providing false documents – creating fake invoices or contracts to reduce payments making false expense claims – claiming tax relief for costs you haven’t incurred failing to declare goods – or underestimating their value to pay less tax  
    Is tax evasion illegal?
    Yes, tax evasion is treated as tax fraud. If you’re found guilty of tax evasion after an HMRC investigation, you could receive a big fine or a prison sentence.
    Read our guide on HMRC tax investigations to find out more about what happens during an investigation, what HMRC checks for, and the benefits of business legal protection insurance.
    What are the penalties for tax evasion in the UK?
    Anyone found guilty of income tax or VAT evasion could receive an unlimited fine or a maximum of seven years in prison.
    If you’re convicted of providing false documentation to HMRC, you could receive a six-month prison sentence or a maximum fine of £20,000.
    For the most serious cases of tax evasion, known as “cheating the public revenue”, offenders could be sentenced to life in prison and/or an unlimited fine.
  3. Super Like
    Squalleonhart got a reaction from Upsidedown in Lancashire meetup-Crypto-Silver 1Kg (£780) and 5Kg (£3850) bars for sale, No dirty fiat please, ONLY Crypto accepted Monero, Bitcoin, Litecoin...   
    Definitely clogging up your sales pitch now 🤣. Correct me if im wrong but in the uk you have to provide id to open any crypto account or wallet......so they know we have that also.......how are they going to know i bought x amount of 2nd hand PM and come knocking on my door? I paid 700 for a bar but i bought an oz of cgt gold for 1600 if i want to sell the bar in the future wheres the proof i didnt get ripped off and bought the bar for 1600 and got a steal on the gold for 700?
     
    Unless ur liquidating all in 1 go your never going to have an issue, unless ur dealing crypto because theres a record or cbdc for the same reason. 
     
    Anyway all this will be removed by tomorrow because its nothing to do with the sale.....your bars are extortionate check other listings and reevaluate.......lay off the weed too 🤣
  4. Haha
    Squalleonhart reacted to oddball in Lancashire meetup-Crypto-Silver 1Kg (£780) and 5Kg (£3850) bars for sale, No dirty fiat please, ONLY Crypto accepted Monero, Bitcoin, Litecoin...   
    if you swapped 50 cans of baked beans for silver.  would that be a taxable event?.  if so i will give you 55 cans 
  5. Haha
  6. Like
    Squalleonhart got a reaction from HonestMoneyGoldSilver in Lancashire meetup-Crypto-Silver 1Kg (£780) and 5Kg (£3850) bars for sale, No dirty fiat please, ONLY Crypto accepted Monero, Bitcoin, Litecoin...   
    Only relevant when they bring in cbdc but youve just argued odd balls case for him in regards to cgt except coins that are cheaper 
  7. Haha
    Squalleonhart got a reaction from Metal237 in Lancashire meetup-Crypto-Silver 1Kg (£780) and 5Kg (£3850) bars for sale, No dirty fiat please, ONLY Crypto accepted Monero, Bitcoin, Litecoin...   
    Holdon a minute do you have any pictures 🤣
     
    😅
    Image wont load
  8. Haha
    Squalleonhart got a reaction from James32 in Lancashire meetup-Crypto-Silver 1Kg (£780) and 5Kg (£3850) bars for sale, No dirty fiat please, ONLY Crypto accepted Monero, Bitcoin, Litecoin...   
    Holdon a minute do you have any pictures 🤣
     
    😅
    Image wont load
  9. Thanks
  10. Haha
    Squalleonhart got a reaction from dmcac in Lancashire meetup-Crypto-Silver 1Kg (£780) and 5Kg (£3850) bars for sale, No dirty fiat please, ONLY Crypto accepted Monero, Bitcoin, Litecoin...   
    Holdon a minute do you have any pictures 🤣
     
    😅
    Image wont load
  11. Haha
  12. Like
    Squalleonhart reacted to DuncanWylieWilson in Sovereigns – 2000 Gold Proof Set & Lot of 7 Full Sovereigns – UK 🇬🇧   
    🇬🇧 For sale here is a cracking 2000 gold proof set and a lovely assortment of seven full sovereigns! 🇬🇧
    ⭐️ 2000 Proof Gold Set ('First Sovereigns of the Millennium) – £1,440 Posted RMSD
    ⭐️ Lot of Seven (7) Full Sovereigns – £2,800 Posted RMSD SOLD! 🔨
    This lot of seven includes:
    1886-M – Young Head 1901 – Old Head 1902 – Edward VII 1912 – George V 1965 – Elizabeth II (Gillick) 1979 Proof – Elizabeth II (Machin) 2019 – Elizabeth II (Clark) This is a very nice selection of sovereigns, all of which are pleasing to the eye but are nevertheless being sold as bullion.
    All seven of these full sovereigns will come in Royal Mint screw capsules.
    Please note that I will not be splitting the lot of seven full sovereigns.
    Payment via bank transfer to UK business bank account.
    Thank you! ⭐️











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  13. Haha
    Squalleonhart reacted to Upsidedown in Silver lot   
    I love how the ears are all catching the light at this angle 🤣 that's some high relief
  14. Like
    Squalleonhart reacted to Fenlander1 in Silver lot   
    A nice lot to get someone started.
    1kg Valcambi + 3x 10oz Hereaus + 6 assorted 1oz coins
    Ark, Krug, Maple, Roo, 2x Kc111 brits
    Price £1625 inc 
    💥 Trade option 💥
    Trades for 1oz or 1/4oz gold considered with  slight adjustment either way. Both take care of own postage.
    All bars come with COA,s and coins come in caps
    Payment by bank transfer only.
    Will be posted within 3 days of purchase.
     

     

     


     

  15. Haha
    Squalleonhart reacted to Solachesis in 1 Monster box of Britannia KC 2023 sealed   
    Walked into that one! 
  16. Haha
    Squalleonhart reacted to Upsidedown in 1 Monster box of Britannia KC 2023 sealed   
    You when you decide to take your next loss
  17. Thanks
    Squalleonhart reacted to theman73 in 1 Monster box of Britannia KC 2023 sealed   
    It's not about trying,  the big one request 100% privacy. 
    You can't contact them about your offers only if you previously agree with them about this, so put up your listing.
    They will contact you if they like your offer.
  18. Haha
    Squalleonhart reacted to Upsidedown in 1 Monster box of Britannia KC 2023 sealed   
    Can't wait for it to arrive thanks mate
    Had a spare load of cash lay around the mansion
  19. Like
    Squalleonhart reacted to theman73 in 1 Monster box of Britannia KC 2023 sealed   
    Sold
     
     

  20. Like
    Squalleonhart reacted to theman73 in 1 Monster box of Britannia KC 2023 sealed   
    Good or bad any publicity is OK
     
  21. Haha
    Squalleonhart got a reaction from theman73 in 1 Monster box of Britannia KC 2023 sealed   
    @theman73 sorry 😅 look what i started 🤣.
  22. Haha
    Squalleonhart got a reaction from Dobber in 1 Monster box of Britannia KC 2023 sealed   
    @theman73 sorry 😅 look what i started 🤣.
  23. Haha
    Squalleonhart got a reaction from Fenlander1 in 1 Monster box of Britannia KC 2023 sealed   
    @theman73 sorry 😅 look what i started 🤣.
  24. Like
    Squalleonhart reacted to paulmerton in Platinum Jubilee 1oz Platinum Proof £100 coin (186 max mintage)   
    Limited edition of 170, maximum mintage of 186. Capsule has never been opened. Horseback obverse and with some amazing platinum proof silky sheen that I really cannot describe nor represent in the photos.
    £2,500 plus SD. Sorry but no offers.









  25. Sad
    Squalleonhart reacted to alexmcsheffrey in Silver Tetris Set by BYB   
    Now selling £250 less than I paid 😥
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