Quizzes & Puzzles7 mins ago
Legal requirements on winnings as income?
1 Answers
Can anybody tell me what I have to pay on gambling winnings?
ie. Income tax, VAT, NI contributions etc
If for sake of argument I wanted to become a professional gambler with winnings as my only income, what do I need to know?
Thanks
ie. Income tax, VAT, NI contributions etc
If for sake of argument I wanted to become a professional gambler with winnings as my only income, what do I need to know?
Thanks
Answers
Best Answer
No best answer has yet been selected by Azimov. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Don't worry in the long run you would be lsoing money so tax won't be an issue.
This has been covered on AB before, although I'm not sure there was consensus.
http://www.theanswerbank.co.uk/Business-and-Fi nance/Question755579.html
This has been covered on AB before, although I'm not sure there was consensus.
http://www.theanswerbank.co.uk/Business-and-Fi nance/Question755579.html
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