Hat tip to ‘Nobody Fugazi’ over at Your2ndPlace who linked to this article from The Independent this morning. Summary: the UK’s HM Revenue and Customs department has started investigating people who are making money in Second Life and not paying taxes on the profits. From the article:
According to Blick Rothenberg, the London-based chartered accountant, the Revenue has become concerned at the growing number of people who are using the game to trade virtual items for real money, generating profits without paying any tax.
“There is no doubt that HMRC are looking at this and trying to decide how to tackle what could be a considerable loss to the Exchequer,” said Matt Coward, a senior tax partner at Blick Rothenberg.
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