Can anyone clarify approximately when the stables began their deal with PP (the ones that are involved in this tread)?

The Lipo Fund, I have sent you a pm

I assume you are neither and accountant, nor a business owner?

Using the rate of 20% for Corporation Tax (to keep things simple), you are suggesting that instead of making £1m in profit, paying £200k in Corp Tax, thus making yourself £800k, it is somehow better to only make £500k profit, with £100k in Corp Tax leaving yourself with £400k profit? I am pretty sure most people would ditch the overlay idea, pay some more tax and make double the money!

However, if you had business A that was a profitable events venue, and a separate business B that was a loss making promotional events company, then business A could certainly loan funds to business B in order to keep it solvent, and claim relief on the loans.

That makes no sense. Loans between businesses don’t attract any sort of tax relief.

Besides, it’s more likely the case that Business A isn’t profitable. So now we have a loss-making events venue with a substantial deficit in it’s accounts. Which are likely to be filed using exemptions from having to disclose a lot f pertinent information. Would a successful events venue turnover less than £10MM a year?
Then, you might have some related business that promotes your events that also loses substantial amounts. That also would file very redacted accounting information.
Throw in a third party organisation that has a close relationship with both businesses and, perhaps more pertinently, a director of both businesses. This third party is in a position to help promote the first two. But it requires some special treatment in terms of a flexing of the normal Ts & Cs and in return it offers an ‘off the books’ incentive.
It’s a shame that we can’t look at the accounts for this third party company, but it seems not to be a Limited Company and thus has no obligation to file accounting info.

NB - if you want to check accounts for any Company registered in the UK can I recommend the Companies House website
https://beta.companieshouse.gov.uk/o...A/appointments

Hate the arrogant passive aggressive tone that you always get on 2+2, "I assume XY" when basically what you're saying is just slating what I wrote, whatever though, assume as you wish.

If you read my post, which you evidently did not - I was responding to the suggestion that somehow the idea of reducing overlays by putting people into the tournaments secretly could be a method of being evasive or efficient with your taxes.

OBVIOUSLY, (in the example I gave) it is better to make the £1m profit, pay £200k in CT and finish with a bottom line of £800k, and I never even remotely suggested otherwise. However lets suppose that on the final day of your tax year you found yourself in the position (and undesired position) that were going to overlay a poker tournament for a cost of £500,000. One of few silver linings about this scenario is £100,000 of tax relief (completely genuine tax relief), in essence the overlay costs you £400,000, not £500,000, in terms of real captial.

If they were to then secretly put people in the tournament not only would they lose the tax relief on every buyin but they also would owe duty on the reg fee. Your point about businesses A & B is correct of course but totally irrelevant in the thread.

I'm not saying that this is the reason they wouldn't do as they are accused, what I am saying is, to me, there is no obvious tax benefit to it (which is what people were suggesting) if you, with your superior knowledge of the tax system, could suggest how secretly cutting an overlay with your own money could be in anyway tax efficient then please, share.

Lets see what the next anti PP story the next brand new account pops along with.

Man, you must hate yourself.

You're a gent Marty. Keep crushing!

Yes, they do. HS340 Interest and alternative finance payments eligible for relief on qualifying loans and alternative finance arrangements (2015), is what you need to consult.

As you also seem to be the only other person who has done the legwork at Companies House to understand the corporate structure involved here, then I do agree there is no grand tax avoidance scheme in play other than the same system that every other company in the UK employs when there is a holding company, wholly-owned subsidiaries and a Director pumping money in, which will end up benefiting the companies Corp Tax bill and the Directors Personal Tax bill.

Well played sir!

HS340 is about getting Income Tax relief, not CT relief. It allows some relief based on the interest cost of a loan taken out by an individual where the funds are used in furtherance of a business. Hard to qualify for though.

The accounts as filed reveal very little, but they do raise a host of questions for anyone with a lending background.

Got sent this.

How old are you?

Old enough that my messages don't have that kind of font.

For what it's worth that is a convo between an ex brs member and Paul Jackson. I have been sent more screenshots.

Have heard today that BRS have been ‘financially rewarding’ people to take down or limit Facebook/Twitter posts about the current situation. And the same with Facebook page admin and moderators. Does not sound like the behaviour of an organisation that doesn’t have something to hide.

https://www.youtube.com/watch?v=XEL65gywwHQ

former brs player here. i left some time ago but still have mates in the stable.

sat tokens were credited as cash. we were told to reg the live events all around the world. so obv when a sat for a $200 live event in canada was full of uk regs lol.

this was scaled back somewhat, there was a period when there was a limit of brs players depending on the sat. apparently this changed after the new ppl system was introduced.

during powerfests with the big 500/1k/5ks, the elite members of brs were given a secondary account to fill the fileds in those and ensure they didnt overlay. not many brs people know this.

if you was playing a sat, and it was near the bubble, quite often one of the leaders/mentors would message you with a gl. then there would be often a comment like 'oh player 123 is on your table, just so you know'. basically a nudge nudge wink wink to not bust him. ive seen players bust other brs players and Jackson get so angry at them for doing that.

party/dtd/brs are all aware of this.

Jackson has had ex-brs players banned from dtd before and also threatened to have them banned from other uk casinos because of his 'connections'. Sylvia Hewitt will often spread lies, gossip and rumours about ex players, pulling out stupid makeup figures and personal stuff out of thin air.

this is the reason people dont call them out on facebook etc, because of the power Jackson has within the uk poker scene. he will go out of his way to make life difficult for you and use his minions to spread lies.

Jackson has always been a scumbag. his son was grinding online from 12 and also was playing live in the uk at 16/17 at casinos on fake ids, and from 19/20 in vegas.

i hope a major poker journalist takes up this story as there is so much to it. it really is a scandal how they operate and treat people.

I wonder if The Lipo Fund got his wish of being able to transfer his ppl$

We only have one post on ours as it keeps the page tidy and all the info and comments in one place.

We asked Paul Jackson what was happening with BRS and he promptly left the group.

Also here are the rest of the screenshots of pm's an ex brs member sent me between her and Paul Jackson.

JUSTICE FOR LIPO !!!

Good to see people brave enough to speak out on what is a well known problem with large groups of players "colluding" It has been going on for years well before the interweb , just in different ways. Live, it is players going allin early on against each other to build big stacks, soft playing mates etc etc
The type of thing "dreen" writes about is the modern format, in my opinion any staking group should be 100 % transparent, players should be clearly identified via their screen names, just like live they should all wear "uniforms" such as black T shirts or Blue Hoodies lol, there should be easy one-click options during every hand at every table to report suspicions while playing online.

Hi "dreen" good to read stuff from you , hope you are well, we have chatted online a lot during BBP days. I would like to think BBP players were 100% innocent of anything dodgy, but there are always one or two "dodgy geezers" in any group ......

More changes coming to UK LCCP at the end of the month.

1. Operators required to abide by CAP (Committees of Advertising Practice) code, enforced by ASA (Advertising Standards Authority).

2. Operators will be held fully accountable for the actions of third parties they collaborate with, including affiliates.

3. Operators required to comply with consumer law (re: online promotions & withdrawal of customer funds)

4. Operators required to carry out improved processes for handling of customer complaints -- new 8-week limit for resolving customer complaints.

5. New guidelines to ensure operators aren't spamming vulnerable consumers' emails with marketing material.

Below I've embedded official information being relayed by the UKGC as of yesterday. The Q&A makes several references to how/why customer trust in gambling services is on the decline. Note that a lot of what's communicated in these Gambling Commission videos isn't necessarily consumer-facing outreach, but more of an informational service to operator compliance officers/staff.

News this week of a $9m USD cashout (from Sept. 27th) by GVC Holdings chairman Lee Feldman (of Massachusetts).

https://pressoracle.com/2018/10/23/l...gvc-stock.html

$0.21 per share dividend to be paid this Thursday, Oct 25th for shareholders of record as of Sept. 20th.