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.
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.
Thu May 29, 2014 1:45 pm by mikewashtm
» Betfair
Thu May 29, 2014 1:45 pm by mikewashtm
» anyone want to buy a % in me in sundays 40k on betfair
Thu May 29, 2014 1:44 pm by mikewashtm
» British open tips(betfair prices)
Thu May 29, 2014 1:43 pm by mikewashtm
» Pokerstars play money
Thu Dec 29, 2011 4:40 pm by jenny_kay1
» Where is everyone !!!!!!!!!!!!!1
Thu Dec 15, 2011 5:47 pm by jenny_kay1
» possible to be a good coach but losing player?
Wed Dec 07, 2011 5:07 am by albert1212
» which limit i should play??
Wed Dec 07, 2011 5:07 am by albert1212
» Why Poker is so popular?
Sat Nov 19, 2011 11:47 pm by artur11