New Posts For Thread: Without The Exchangeshttps://community.betfair.com/horse_racing/go/thread/view/94102/30614035/without-the-exchangesGiven the situation with bookmakers banning and restricting would there be a major problem with gambling going underground?Thanks, Adge.You're an exempt category and cannot reclaim vat, so. Probably, a better situation, really. I tried everything but never managed to make much from being vat registered.Maybe there is a way to make it pay, but I never found it. On the othttps://community.betfair.com/horse_racing/go/thread/view/94102/30614035/without-the-exchanges?post_id=546816793#546816793Thanks, Adge.You're an exempt category and cannot reclaim vat, so. Probably, a better situation, really. I tried everything but never managed to make much from being vat registered.Maybe there is a way to make it pay, but I never found it. On the otFri, 13 Nov 2015 02:27:02 -0600.https://community.betfair.com/horse_racing/go/thread/view/94102/30614035/without-the-exchanges?post_id=546808313#546808313.Thu, 12 Nov 2015 04:11:07 -0600no sean , we are in an exempt category but we are still charged vat on all racecourse fees , entrances , etc etchttps://community.betfair.com/horse_racing/go/thread/view/94102/30614035/without-the-exchanges?post_id=546808219#546808219no sean , we are in an exempt category but we are still charged vat on all racecourse fees , entrances , etc etcThu, 12 Nov 2015 03:36:44 -0600Interesting thread, imo!Adge, Do course bookies have to register for vat, based on turnover?Years ago, when I was a contractor ( small-time), I got fined by the Customs and Excise ( the Vatman) for failing to register on time. My turnover had rochttps://community.betfair.com/horse_racing/go/thread/view/94102/30614035/without-the-exchanges?post_id=546808147#546808147Interesting thread, imo!Adge, Do course bookies have to register for vat, based on turnover?Years ago, when I was a contractor ( small-time), I got fined by the Customs and Excise ( the Vatman) for failing to register on time. My turnover had rocThu, 12 Nov 2015 03:15:20 -0600I guess you can look at it in two ways. The exchanges have either enhanced your gambling experience, or eroded it imo.I think with the introduction of exchanges bookmakers have become a lot more inclined to refuse a bet. We all know they all have acchttps://community.betfair.com/horse_racing/go/thread/view/94102/30614035/without-the-exchanges?post_id=546805975#546805975I guess you can look at it in two ways. The exchanges have either enhanced your gambling experience, or eroded it imo.I think with the introduction of exchanges bookmakers have become a lot more inclined to refuse a bet. We all know they all have accWed, 11 Nov 2015 16:51:35 -0600Without the exchanges the big bookmakers would still be happily laying under the odds and accepting bets.https://community.betfair.com/horse_racing/go/thread/view/94102/30614035/without-the-exchanges?post_id=546804743#546804743Without the exchanges the big bookmakers would still be happily laying under the odds and accepting bets.Wed, 11 Nov 2015 15:18:21 -0600I think you also need them for the greatest institution of our time - the GC - unfortunately they don't seem to get any of the underground accounts!!https://community.betfair.com/horse_racing/go/thread/view/94102/30614035/without-the-exchanges?post_id=546803517#546803517I think you also need them for the greatest institution of our time - the GC - unfortunately they don't seem to get any of the underground accounts!!Wed, 11 Nov 2015 13:41:41 -0600those that have formed their business into limited companies for tax reasons YESthe majority who are sole traders [ like myself ] also have to produce annual accounts but only for the inland revenuehttps://community.betfair.com/horse_racing/go/thread/view/94102/30614035/without-the-exchanges?post_id=546800981#546800981those that have formed their business into limited companies for tax reasons YESthe majority who are sole traders [ like myself ] also have to produce annual accounts but only for the inland revenueWed, 11 Nov 2015 09:43:17 -0600adge, are racecourse books required to publish accounts?publish prob wrong word but I think you will know what I mean, no offence if you don't answerhttps://community.betfair.com/horse_racing/go/thread/view/94102/30614035/without-the-exchanges?post_id=546799721#546799721adge, are racecourse books required to publish accounts?publish prob wrong word but I think you will know what I mean, no offence if you don't answerWed, 11 Nov 2015 07:54:16 -0600I am not aware of any racecourse bookmaker banning or restricting anyone , tedhttps://community.betfair.com/horse_racing/go/thread/view/94102/30614035/without-the-exchanges?post_id=546798055#546798055I am not aware of any racecourse bookmaker banning or restricting anyone , tedWed, 11 Nov 2015 03:09:20 -0600