UK reviews Bitcoin tax as global regulators seek to cash in – FT.com.

If it moves HMG taxes it – even if that movement is virtual.

It seems, however, that HMRC are “looking at alternatives to the current 20% VAT” charged on purchase of the coin, or rather currency.

Should be easy enough – once they let go of the paranoia about tax avoidance (or mitigation as we like to call it).