On 1 December 2014, CoinJar relocated our headquarters to the United Kingdom as part of a global expansion that will provide customers more freedom to buy, sell and use bitcoin as a global digital currency. We are now officially incorporated as a UK company, CoinJar UK Limited, and have taken up residence in London's financial district. We maintain a strong Australian presence, based out of Melbourne, and will continue focusing on the things that have defined us such as facilitating meetup groups, sharing knowledge and highlighting our amazing customers.
Aside from catalysing CoinJar’s growth, the UK relocation will mean CoinJar customers will no longer be subject to 10 per cent GST (Goods and Services Tax) when they buy bitcoin using our services. HMRC (Her Majesty's Revenue and Customs) in the UK exempts digital currency trading from value added tax (VAT), so new and existing CoinJar customers will not be levied any additional taxes. The move coincides with a revamp of our online wallet service, which is open to international users.
You should seek advice from your accountant or tax professional if you have queries about how this information affects you or your business.
If you have any questions about generating tax invoices from the period 1 October through 30 November 2014, please get in touch with our Support team.