situation in england (taxes)

  • 4 replies
    • cannell555
      cannell555
      Bronze
      Joined: 06.03.2008 Posts: 2,410
      if you do have to pay taves, i think it wrong. Do the government pay you taxes if you loose? :)
    • drachdudek
      drachdudek
      Bronze
      Joined: 06.11.2007 Posts: 656
      Originally posted by cannell555
      if you do have to pay taves, i think it wrong. Do the government pay you taxes if you loose? :)
      LOL:) :)

      We have new legislation preparing in our country for online playing (gambling, bets, poker etc..) and it will be arround 15% taxed according your amount of cashout, but only for the online platfroms which are based in our country (an that is none:) :) ) and anway i dont understand how will they control your cashouts, only if your bank will give them data but i dont think this is possible.
    • ManniXXX
      ManniXXX
      Bronze
      Joined: 05.09.2007 Posts: 707
      UK gambling is tax free afaik. The initial money you wager is assumed to be taxed, and therefore any winnings on this intial wager are tax free.
    • Paskkal29
      Paskkal29
      Bronze
      Joined: 30.09.2007 Posts: 99
      Guy's online poker is a taxe free bracket and we should take advantage as much as possible of this bracket.I know one day it will be taxe but till then the gates are open! ;)