In Skatteverket v David Hedqvist (C-264/14) [2015], the CJEU has decided that bitcoin exchange services are exempt from VAT.

The Swedish taxpayer operates an online bitcoin currency exchange business buying and selling the virtual currency. The court found that the bitcoin is a a direct means of payment between the operators that accept it and there it is exempt under the Principal Directive article 135(1)(e) being "currency [and] bank notes used as legal tender.


Judgment Skatteverket v David Hedqvist (C-264/14) 

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