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siwaadupa
19 Apr 12 17:07
Joined:
Date Joined: 16 Feb 12
| Topic/replies: 767 | Blogger: siwaadupa's blog
please send me a PM which tax office is good to solve problem with betfair. My only income is from bf. But I cant even rent a house and proof my incomes. Betfair is only sending me an email with PL from last months.(I jus Cant print it and show it to landlord- I dontk want to come to an idiot even if Im. Its bit weird btw that they are not sending an invoice or somethin like that. Guy on  bf help line even told me that"premium charge is not a tax" but "a charge" So now... I Don know if I dont need to pay another income tax?. Guy from tax office told me that"As I know, gambling is tax free if you are winning occasionaly" but how it is, if it is your job? I dont even know if its safe to keep money on bank account
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Report Deltâ • April 19, 2012 5:27 PM BST
h in h....
Report dave1357 • April 19, 2012 5:46 PM BST
You can ask HMRC for form 1AM 5TU P1D.  You only need to complete your details and the amount of tax you want to pay and they will take the cash directly from your bank account.










Or as you are a premium charge payer and presumably loaded you could offer to pay the landlord a large deposit and supply a bank reference.
Report siwaadupa • April 19, 2012 6:03 PM BST
"1AM 5TU P1D" - stupid or not stupid problem remains unsolved. I know that only 27% of people are on profit on bf on most of you are dissaponted that you are loosing but if you cant help simply do not disturb. Cheers
Report dave1357 • April 19, 2012 6:16 PM BST
I given you the solution - references/deposit.  Loads of poker players get leases this way.  If you are a genuine long term winner, you won't have a problem.
Report pumpkinslayertoo • April 19, 2012 6:16 PM BST
The help desk can generate lifetime P+L's for your account and mail it whoever needs the proof. And you don't have to pay tax.
Report siwaadupa • April 19, 2012 6:34 PM BST
"The help desk can generate lifetime P+L "They alredy did it. It has got my username on it(not even name on it) and profit on it. 1) I would do it without these help desk. This document is a worthless. No one will believe me. And I couldnt believe that Im paying 20% of my incomes on every wednesday. At this moment I would rather not to pay tax on betfair but do it by myself every month in hmrc. It would be sorted out and I would have tax paid on paper.
Report siwaadupa • April 19, 2012 6:34 PM BST
"The help desk can generate lifetime P+L "They alredy did it. It has got my username on it(not even name on it) and profit on it. 1) I would do it without these help desk. This document is a worthless. No one will believe me. And I couldnt believe that Im paying 20% of my incomes on every wednesday. At this moment I would rather not to pay tax on betfair but do it by myself every month in hmrc. It would be sorted out and I would have tax paid on paper.
Report Eddie the eagle • April 19, 2012 7:43 PM BST
Ask the helpdesk for a lifetime breakdown(it may be what you allready have received) of your activity.
  It's in Excel and it's specified P&L for every day of your lifetime and also specified for each sport. Your real name will show up on this.
  I got one a few months back and forwarded it to the bank. They got it and had  doubts as it's possible to fake , but it would involve a lot of work due to the detailed breakdown.
  I then got a written statement on Betfair office paper where they confirmed the numbers and then they accepted it.
Report clouded leopard • April 19, 2012 8:39 PM BST
out of interest eddie , why did you have to send those details to your bank ?

obviously don't answer that if it's too personal mate.
Report TheInvestor2 • April 20, 2012 12:00 AM BST
siwaadupa, this 20% isn't a government tax, it is paid to Betfair who keep the money, that is what they meant when they told you it's a charge not a tax.
Report avi315 • April 20, 2012 7:01 AM BST

Apr 19, 2012 -- 6:34PM, siwaadupa wrote:


"The help desk can generate lifetime P+L "They alredy did it. It has got my username on it(not even name on it) and profit on it. 1) I would do it without these help desk. This document is a worthless. No one will believe me. And I couldnt believe that Im paying 20% of my incomes on every wednesday. At this moment I would rather not to pay tax on betfair but do it by myself every month in hmrc. It would be sorted out and I would have tax paid on paper.


Nie musisz placić podatku w Uk od zakładów sportowych tak długo jak to nie jest twój jedyny dochód z którego się utrzymujesz a i wtedy nikt cię tutaj nie będzie ścigał. W twoim przypadku zadeklaruj to jako inny dochód (other income) i dalej poradzi sobie każda placówka revenue. Temat przerabiałem dawno, ale prościej jest po prostu isć do jakiejkolwiek pracy nawet na 16 godzin tygodniowo i legalnie pomijać podatki od wygranych.
Problemy z wynajmem i tak bedziesz miał ponieważ hazard to coś złego w oczach społeczeństwa i nigdy nie będziesz atrakcyjny dla landlorda.
Opłaty (premium charge) nie są podatkiem a jedynie zmniejszają twoją kwotę od opodatkowania. Są niejako kosztem uzyskania przychodu.
Takich pytań nie zadawaj na ogólnym bo to w większości pionki tutaj bez żadnej wiedzy.
Pozdrawiam.

Report bongo • April 20, 2012 1:47 PM BST
proof my incomes

Like it or not you can't prove your income because you don't have any income. Profits from betfair are gambling winnings. Some people collect gambling winnings methodically and consistently and pay an extra charge to BF for supplying the platform and the customers that allows them to do this. It's still gambling winnings, and not an income.

As dave said, if you have to rent, find a landlord who'll accept proof of wealth or a large deposit ( say 6 months+ ).
Report TheInvestor2 • April 22, 2012 9:27 PM BST
It's not earned income, it is unearned income.
Report Beat The OverRound • April 23, 2012 1:29 AM BST
Make weekly deposits to your bank account paying yourself a wage.
Show your bank statement.
Tell them you're an ebayer, sharetrader, or bookmaker or whatever you like, as long as they see a decent balance with regular deposits over a decent period of time you should have no trouble.
As suggested offer a higher bond or advance payment.
Shouldn't be a problem.
Report catflappo • April 23, 2012 7:56 AM BST
That's a brilliant idea, bto.  I can't even get a phone contract because I fail the stupid credit checks and nobody will consider me for a credit card.  Wish I'd thought of this a few years ago!
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