Hi all
This is one for the UK players and may already be a known fact but thought i'd share it anyway. I popped into my local Inland Revenue office this morning and asked if winnings i made from either UK or overseas casinos (normal and online) were tax-deductable.
After a couple of phone calls, i was informed that any winnings i made weren't taxable, although if they were substantial i may be asked to prove i wasn't money-laundering! Fair play. I was a bit surprised actually...thought they'd want a slice fo the action but there you go...what do i know
Cheers
Simmo!
PS...As an afterthought, what could be interesting, theoretically at least, is Affiliate revenue. If its paid into a NETeller account or my casino account, when i withdraw its showing as coming from my gambling activities. Guess thats whats called "pushing your luck"....
This is one for the UK players and may already be a known fact but thought i'd share it anyway. I popped into my local Inland Revenue office this morning and asked if winnings i made from either UK or overseas casinos (normal and online) were tax-deductable.
After a couple of phone calls, i was informed that any winnings i made weren't taxable, although if they were substantial i may be asked to prove i wasn't money-laundering! Fair play. I was a bit surprised actually...thought they'd want a slice fo the action but there you go...what do i know
Cheers
Simmo!
PS...As an afterthought, what could be interesting, theoretically at least, is Affiliate revenue. If its paid into a NETeller account or my casino account, when i withdraw its showing as coming from my gambling activities. Guess thats whats called "pushing your luck"....
Last edited: