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Author Topic: Family Friend thinking of going Pro - Tax on earnings?  (Read 4071 times)

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Waz1892

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Family Friend thinking of going Pro - Tax on earnings?
« on: September 28, 2011, 20:05:35 PM »
Anyone know the answer on whether you pay tax on Poker earnings and any criteria involved?

It is my Dads girlfriends daughter who is looking to go Pro in 2012, and my Dad asked me to find out as she didnt want to ask her mentor (Dale -based in Luton?!) without looking too daft!



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deanp27

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Re: Family Friend thinking of going Pro - Tax on earnings?
« Reply #1 on: September 28, 2011, 20:08:54 PM »
Earnings from poker are not taxed in the UK is the simple answer
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SirPercival

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Re: Family Friend thinking of going Pro - Tax on earnings?
« Reply #2 on: September 28, 2011, 20:52:23 PM »
^^^^^ this

I look forward to the day they do tax poker winnings, I"m due a huge rebate :)
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pables

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Re: Family Friend thinking of going Pro - Tax on earnings?
« Reply #3 on: September 28, 2011, 21:06:37 PM »
Quote from: SirPercival on September 28, 2011, 20:52:23 PM

^^^^^ this

I look forward to the day they do tax poker winnings, I"m due a huge rebate :)


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Waz1892

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Re: Family Friend thinking of going Pro - Tax on earnings?
« Reply #4 on: September 28, 2011, 21:42:32 PM »
TY guys.
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AMRN

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Re: Family Friend thinking of going Pro - Tax on earnings?
« Reply #5 on: September 28, 2011, 21:52:41 PM »
Quote from: SirPercival on September 28, 2011, 20:52:23 PM

^^^^^ this

I look forward to the day they do tax poker winnings, I"m due a huge rebate :)


LOL
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CincinnatiKid

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Re: Family Friend thinking of going Pro - Tax on earnings?
« Reply #6 on: September 28, 2011, 22:30:33 PM »
That"s the reason why a lot of german "young guns" move to London. Ruthenberg, Spindler, Quoss etc. enjoy their life there without a battue. ;D
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WYoung83

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Re: Family Friend thinking of going Pro - Tax on earnings?
« Reply #7 on: September 29, 2011, 00:41:04 AM »
Elky, Isildurr, Eastgate....theres prolly a massive list of the european players who live in london to escape the taxman
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