UK..Will Poker Winnings Be Taxed? Newspaper Article - Poker News

Two Plus Two Forums Poker News & Discussion News, Views, and Gossip

UK..Will Poker Winnings Be Taxed? Newspaper Article

Post Reply Subscribe

...

Page 1 of 2

1 2

Page 1 of 2

1 2

03-25-2015 , 09:23 AM

ExpensiveTaste

grinder

Join Date: Aug 2010 Posts: 565

Could be more bad news on the horizon

http://www.dailymail.co.uk/news/arti...ring-levy.html

Quote

03-25-2015 , 09:32 AM

LektorAJ

Carpal \'Tunnel

Join Date: May 2014 Posts: 7,827

Nobody click the link.

It refers to an irrelevant Nottingham University study that says poker isn't 100% luck.

Daily Mail puts it up as click bait with it's own spin that the govt could tax poker.

OP, for reasons only he can explain, makes a thread that suggests that the UK government is considering taxing poker winnings rather than one journalist thinks it might be a could idea.

Don't let them win by clicking the link.

Ban OP. Change thread title to "UK..One British citizen speculates that poker winnings might be taxed at some point in the future in a Newspaper Article"

Quote

03-25-2015 , 09:34 AM

Wotton

adept

Join Date: Sep 2012 Posts: 751

Lol daily mail.

Quote

03-25-2015 , 09:37 AM

ExpensiveTaste

grinder

Join Date: Aug 2010 Posts: 565

Any MOD feel free to change the thread title if any one feels it may be misleading

Apologies if that is the case

Quote

03-25-2015 , 09:38 AM

JohnCleese

old hand

Join Date: Aug 2012 Posts: 1,935

Kate Moss also rocking flared jeans apparently.

Quote

03-25-2015 , 09:39 AM

LektorAJ

Carpal \'Tunnel

Join Date: May 2014 Posts: 7,827

Any people (e.g. Americans) that are interested in reputable academic sources for pro-poker lobbying which say it is a game of skill can read the abstract direct on http://www.dennievandolder.com/research.html without clicking on Daily Mail.

Edit: Actually the full paper can be accessed from the abstract page - it is December 2014, not sure if that was discussed here at the time but maybe that's the real story, or the threads could be merged. And sorry for being grumpy.

Quote

03-25-2015 , 10:06 AM

ExpensiveTaste

grinder

Join Date: Aug 2010 Posts: 565

No problem Ted

Quote

03-25-2015 , 10:07 AM

SootedPowa

veteran

Join Date: Jun 2013 Posts: 3,390

http://www.hmrc.gov.uk/manuals/bimmanual/bim22017.htm

Stood since 1925 and will not be changed.

However what has happened, and could continue to happen is that the UK Gov see a lot of money floating around gambling and want their cut of the dough. They do this by raising the taxes on gambling companies themselves and forcing them to get a UK licence if they want to operate online to UK customers (see last Dec). These costs are passed onto customers and winning players who end up basically paying at least half of this tax.

Quote

03-25-2015 , 11:20 AM

SW_Kaizer

veteran

Join Date: Jun 2012 Posts: 2,192

Daily mail is the worst uk paper, doom mongering pretty standard in that pos

Quote

03-25-2015 , 11:43 AM

#10

jeztuck

adept

Join Date: Apr 2009 Posts: 766

Looks a fair article to me.

Quote

03-25-2015 , 11:45 AM

#11

theonepunter

journeyman

Join Date: Aug 2013 Posts: 370

Typical Daily Mail, the Government already introduced licenses taxing the gambling. It's 15% of the players loss/rake but the companies pay it instead of the player. Also, I don't particularly think that HMRC would be up to the job which I believe is one reason they don't tax gambling as it would be complicated as you would be able to deduct loses.

Quote

03-25-2015 , 11:47 AM

#12

papercuts

centurion

Join Date: Apr 2014 Posts: 197

Lol daily fail...didn't even open that trash

Quote

03-25-2015 , 11:52 AM

#13

Chrispy21er

centurion

Join Date: Sep 2014 Posts: 173

Don't open that lol.

Quote

03-25-2015 , 12:17 PM

#14

LektorAJ

Carpal \'Tunnel

Join Date: May 2014 Posts: 7,827

Quote:

Originally Posted by jeztuck

Looks a fair article to me.

So you think British MPs are busy reading University of Nottingham papers about online poker and this could lead to new legislation?

Unfortunately some of them do probably read the Mail though.

Quote

03-25-2015 , 12:18 PM

#15

bhoylegend

self-banned

Join Date: Sep 2012 Posts: 1,278

Daily Mail, ouch, didn't mean to to ever access that paper again.

Quote

03-25-2015 , 12:28 PM

#16

Daveshoelace

journeyman

Join Date: Mar 2008 Posts: 354

Quote:

Originally Posted by LektorAJ

lol, looks like an extreme reply but I came on here to say the EXACT same thing. The piece is pure speculation based on very little written on the worse rag in british media.

Quote

03-25-2015 , 12:34 PM

#17

davmcg

veteran

Join Date: Jan 2003 Posts: 2,540

Quote:

Originally Posted by SootedPowa

The judge in one of the legal cases leading to the non-taxable status actually said that a card player being skillful was irrelevant, so that basis for any scare stories about taxation is irrelevant.

Having said that, if the legal challenge being mounted by the Gibraltar based bookies to the POC tax is successful I can see the govt snap imposing a % tax on winnings.

Quote

03-25-2015 , 12:47 PM

#18

theonepunter

journeyman

Join Date: Aug 2013 Posts: 370

http://www.bbc.co.uk/news/uk-27186197 This court case (2014) confirms and sets the precedent that being a professional poker player is tax free. Nothing to worry about.

Quote

03-25-2015 , 01:03 PM

#19

SootedPowa

veteran

Join Date: Jun 2013 Posts: 3,390

Quote:

Originally Posted by davmcg

Having said that, if the legal challenge being mounted by the Gibraltar based bookies to the POC tax is successful.

It already failed (Dec 2014) unless there is a new one you can cite with a link,

Quote

03-25-2015 , 01:03 PM

#20

luciano27

journeyman

Join Date: Dec 2006 Posts: 239

https://www.youtube.com/watch?v=5eBT6OSr1TI

Quote

03-25-2015 , 01:04 PM

#21

jeztuck

adept

Join Date: Apr 2009 Posts: 766

Quote:

Originally Posted by LektorAJ

So you think British MPs are busy reading University of Nottingham papers about online poker and this could lead to new legislation?

Unfortunately some of them do probably read the Mail though.

Just think everyone is acting a little like the Daily Mail just because it's in the Daily Mail.

There is a very strong argument that UK players should pay tax on winnings, or income tax if poker is their main income. I'm glad it's not the case but to say things will NEVER change is wrong - players in most other countries do pay taxes on winnings. Obviously that does not seem a possibility in the foreseeable future.

This kind of research could also be beneficial to those countries like the USA where proving poker is a skill game can have some impact on their absurd situation.

Quote

03-25-2015 , 01:07 PM

#22

davmcg

veteran

Join Date: Jan 2003 Posts: 2,540

Quote:

Originally Posted by SootedPowa

It already failed (Dec 2014) unless there is a new one you can cite with a link,

http://www.chronicle.gi/headlines_details.php?id=35682

Quote

03-25-2015 , 01:10 PM

#23

davmcg

veteran

Join Date: Jan 2003 Posts: 2,540

Quote:

Originally Posted by theonepunter

http://www.bbc.co.uk/news/uk-27186197 This court case (2014) confirms and sets the precedent that being a professional poker player is tax free. Nothing to worry about.

lol that only means that pro players are free to be deadbeat dads.

Quote

03-25-2015 , 01:20 PM

#24

SootedPowa

veteran

Join Date: Jun 2013 Posts: 3,390

Quote:

Originally Posted by davmcg

http://www.chronicle.gi/headlines_details.php?id=35682

ty davmcg I hope Gib are successful.

The other link about the father is more relevant than you give it credit for btw.

Quote

03-25-2015 , 01:36 PM

#25

davmcg

veteran

Join Date: Jan 2003 Posts: 2,540

Quote:

Originally Posted by SootedPowa

ty davmcg I hope Gib are successful.

wat?

The govt will then impose a flat rate duty on UK gamblers winnings which wouldn't in any way be challengeable. How that would affect poker who knows, but it might be disastrous.

Quote

Page 1 of 2

First

1 2

Last

Post Reply Subscribe

...

Page 1 of 2

First

1 2

Last