|
Title: Game of Skill in Pennsylvania Post by: Laxie on January 19, 2009, 03:19:55 PM Are the tides turning?
http://www.pokernewsdaily.com/pennsy...-of-skill-941/ Title: Re: Game of Skill in Pennsylvania Post by: Pyso on January 19, 2009, 03:35:44 PM This is bad news. If this trickles through the whole of the USA and they eventually change their stance on poker, then inevitably the UK will follow, as we copy everything the yanks do like clueless lemmings.
For me, a big attraction of poker is it's status in the UK as 'gambling' (even if we all know it is wrong), meaning I don't pay any tax on my winnings. Were that to change I think the game would lose a big part of it's charm for me. Having said that, I don't think it will happen any time soon. Title: Re: Game of Skill in Pennsylvania Post by: Longy on January 19, 2009, 03:49:27 PM This is bad news. If this trickles through the whole of the USA and they eventually change their stance on poker, then inevitably the UK will follow, as we copy everything the yanks do like clueless lemmings. For me, a big attraction of poker is it's status in the UK as 'gambling' (even if we all know it is wrong), meaning I don't pay any tax on my winnings. Were that to change I think the game would lose a big part of it's charm for me. Having said that, I don't think it will happen any time soon. I agree apart from the fact that it would lose its charm, it is the fact that winnings would be taxable. Title: Re: Game of Skill in Pennsylvania Post by: lucky_scrote on January 20, 2009, 01:06:09 AM This is bad news. If this trickles through the whole of the USA and they eventually change their stance on poker, then inevitably the UK will follow, as we copy everything the yanks do like clueless lemmings. For me, a big attraction of poker is it's status in the UK as 'gambling' (even if we all know it is wrong), meaning I don't pay any tax on my winnings. Were that to change I think the game would lose a big part of it's charm for me. Having said that, I don't think it will happen any time soon. I spoke to a tax expert a few months ago. His expertice was taxing in gambling. He told me that poker is taxable in the uk if you are making a living from it but it is a very grey area at the moment. I wasn't even too sure if I should believe him, maybe I just don't want to believe him. Title: Re: Game of Skill in Pennsylvania Post by: bobAlike on January 20, 2009, 01:24:16 AM This is bad news. If this trickles through the whole of the USA and they eventually change their stance on poker, then inevitably the UK will follow, as we copy everything the yanks do like clueless lemmings. For me, a big attraction of poker is it's status in the UK as 'gambling' (even if we all know it is wrong), meaning I don't pay any tax on my winnings. Were that to change I think the game would lose a big part of it's charm for me. Having said that, I don't think it will happen any time soon. I spoke to a tax expert a few months ago. His expertice was taxing in gambling. He told me that poker is taxable in the uk if you are making a living from it but it is a very grey area at the moment. I wasn't even too sure if I should believe him, maybe I just don't want to believe him. Is it taxable if you stake other people to play? Title: Re: Game of Skill in Pennsylvania Post by: Rozza1 on January 20, 2009, 10:52:53 AM Surely if it's taxable then you would be able to claim tax back on things such as Lap tops, accomodation, crates of Red Bull etc?
Title: Re: Game of Skill in Pennsylvania Post by: lazaroonie on January 20, 2009, 12:36:11 PM Surely if it's taxable then you would be able to claim tax back on things such as Lap tops, accomodation, crates of Red Bull etc? the taxmans favourite phrase is 'wholly, exclusively, and necessarily', so any expenses incurred in this way can be offset against profits - so buy ins, travel and accomodation, etc would fit the bill. Title: Re: Game of Skill in Pennsylvania Post by: snoopy1239 on January 20, 2009, 02:23:46 PM Surely if it's taxable then you would be able to claim tax back on things such as Lap tops, accomodation, crates of Red Bull etc? the taxmans favourite phrase is 'wholly, exclusively, and necessarily', so any expenses incurred in this way can be offset against profits - so buy ins, travel and accomodation, etc would fit the bill. That's weird, that's my favourtie phrase too! |