General Betting
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If Man Utd do not win the league on Sunday then Betfred have paid out £500,000 on
a losing bet.
http://uk.eurosport.yahoo.com/blogs/world-of-sport/bookie-paid-united-set-lose-big-122406729.html
My question is what is the tax position as Betfred have reduced their tax liability by £75,000 (15%)?
If I was the tax inspector I would be asking for this back! Any views?
a losing bet.
http://uk.eurosport.yahoo.com/blogs/world-of-sport/bookie-paid-united-set-lose-big-122406729.html
My question is what is the tax position as Betfred have reduced their tax liability by £75,000 (15%)?
If I was the tax inspector I would be asking for this back! Any views?
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