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Nov 1, 2016 -- 7:19PM, Capt__F wrote:
ie better to pay tax 1st ?
only for optimists
Nov 1, 2016 -- 7:23PM, akabula wrote:
In the bookies tax returns crags a £10 bet with the tax of 10% paid on is shown in the stakes as £11.
No, it's a £10 bet, the other pound is the tax.
an £11 bet, if anyone in their right mind would have one, would cost £12.10.
sorry to laugh, aka,but if I had a £10 bet in the days that we used to pay 10% betting tax, then my bet would still be £10, that is what one would have to pay tax on- not complicated at all- so I would have to hand over £11 if I decided to pay the tax up front. You can't then try to tax it again on the sum of £11!
