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    Tax and Ni in poker

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    Evo397bhp

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    Tax and Ni in poker

    Post  Evo397bhp on Fri Sep 17, 2010 2:52 pm

    Right.

    Only income or not: the UK goverment see's poker as gambling; as such is not subject to UK income tax laws. And from Inland Rev point of view even if you claim dole they have not interest, thats not to say the DSS won't.

    As for pension and health care;you need to contact the Inland Rev (if ya old enough)to see if your contributions have made enough for a state pension (20years payment if i remember right) but in any case you should pay class3 N1 on a voluntary rate (2010/2011 £12.08 per month) this will keep your penstion going as well as Nhs contrib.

    Hope this helps to clear things up.

    PPS: you should keep a record of all expenditure and winnings for poker, as proof & PL record if Inland rev wanna get frisky.

    PS: if you are a sole trader who use's a personal bank account for personal and business then you are going to have to keep records and provr icome was from "gambling". . bad business to use personal account for business but some still do.
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    Evo397bhp

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    Re: Tax and Ni in poker

    Post  Evo397bhp on Fri Sep 17, 2010 6:10 pm

    Sorry for poor English and grammar, had 11 tabs up; and stupid new keyboard built for peeps with fingers the size of a 6 year old. Made in China no doubt !!
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    MADV

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    Re: Tax and Ni in poker

    Post  MADV on Mon Sep 20, 2010 1:44 am

    Once I'd battled through the plurals with apostrophes (Arghhh - take them away!) you make some good points here, Evo. I do, unfortunately, think it will go in one ear and out of the other. No one who plays poker at this level will declare anything, pay anything, or keep anything separate. Paying your NI every month, even voluntary is a great idea (I wish my contribution was fucking £15 a month!). I'm obviously paying for the other sponging fckers to sit on their arses and demand a pension when they get there. Personally, if it was me, I'd tell them to swivel!
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    Evo397bhp

    Posts : 667
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    Re: Tax and Ni in poker

    Post  Evo397bhp on Mon Sep 20, 2010 2:21 am


    MADV wrote:Once I'd battled through the plurals with apostrophes (Arghhh - take them away!)

    Sorry, was rush typed. Not to mention one of my regular punctuation errors; freaks my tutor out Razz


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