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Anyone who is sponsored to play is liable to UK tax. Winnings are treated as 'commission'.
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whats thats supposed to mean sponsored to play? In Poker?
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most of the top players you see on tv will be sponsored by various poker sites and have entry paid for them into tournaments.
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so what about betting. Im talking about betting not poker. Do you know anyone betting or think that it could be possible that people had to pay taxes on betting if they are big longterm winners?
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pay for taxi's
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IF ......you are that "good" and are winning "big bucks" ....why are you such a CHEAP-SKATE looking for "free advice " from .....people ye dinna even know anything about.........
You are an eeeeeeeeeeeeeeeeejjjjjjjjjitttttttttttttttttttttttttttt |
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Where are yeeeeeeeeeeeeeeeeee living/resident ???????
You are just another wanna beeeeeeeeeeeeeeeeee...........................not stating anything relevant re yer taxation status......... For Fk sake IF you are making high profits ...in your pathetic case ..probably more than £10,000 per decade...........go and see an accountant (QUALIFIED IN TAXTAION) and PAY their FEE.........get professional advice.......or go seek cheap seats help else fkging where |
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http://www.hmrc.gov.uk/manuals/bimmanual/bim22015.htm
The above explains the situation for those in the UK. |