Poker Clubs Ruling

[Pontecarlo]

Quote from: The Truth on Today at 06:59:06 pm
the tax issue has nothing to do with the skill v luck argument.



oh yes it does the reason poker inst taxed is because it it classed as a game of chance and therefore comes under the no tax on gaming winnings


as for why poker players should/shouldnt pay tax i beleive if a player claims to be a poker pro then they should pay tax
if the player actually has another form of income that is taxed then poker should be classed as a hobby and tax free


not true iron - especially the last bit ,,when horse racing was taxed it was the government that was actually taxing the betting shops - they did it at 8 % and the bookies used to stick a couple of percentage on for their own greed and then passed it on to punters , the main reason for this dtopping was the set up of offshore bookies who paid tax and the government were forced to drop the betting tax - 
as for your last bit , utter garbage how can a poker pro pay tax on a sole income and then the recreational player not as its a second income , in fact the reverse would happen and the recreational player pay more tax on a second income if he declared, as his 1st income would have benefitted from nic and tax allowances
i have explaine dthe reason why it wont wont be taxed - if it ever was then every player would set up as a sole trader as a poker pro , then all expenses inc hotels petrol,even buy ins would be classed a legit expenses and be written off against tax and if worked corectly all would be able to get tax rebates from the IR - all online winnings could be hid and used to live on whilst live expenses would pocket you a fortune , THAT IS WHY IT WONT EVER BE CLASSED AS AN INCOME

[The Truth]

exactly

[redsimon]

The main reason why poker isn't taxed is generally in UK taxation also has allowances for losses. i.e if your business is loss making you can offset it against other income or future profits (or even carry it back in a business start up). Now most gamblers lose including in poker. If they taxed poker income they would have to alllow poker losses. Used to have this arguement often when in the Revenue as a lot of my client base were race horse owners in North Notts/ South Yorks.

Should it be taxed? I do have some sympathy with the view that all should contribute to society (If they can). I imagine the most a poker player contributes is tax on ciggies and booze  . It would just be a real bugger to collect/assess.