NEW Tax on Poker for Casino's

[The Camel]

On a related subject, I have never seen why poker winnings are not taxed.

Its nice to enjoy something in life without it having it taxed, thank you very much

If a pro poker player ricks his back carrying his huge ego around around he goes to see the doctor.

If he gets his wallet nicked he calls the police.

We use public services just the same as everyone else, why shouldn't we pay our share for them?

I don't think casual players who play recreationally should have to pay taxes on winnings, just the pros.

[Ironside]

I don't think casual players who play recreationally should have to pay taxes on winnings, just the pros.

define a pro

[The Camel]

I don't think casual players who play recreationally should have to pay taxes on winnings, just the pros.

define a pro

Someone who relies on gambling as sole or main form of income.

[Ironside]

I don't think casual players who play recreationally should have to pay taxes on winnings, just the pros.

define a pro

Someone who relies on gambling as sole or main form of income.

phew its my main source of expenditure not income

[I KNOW IT]

On a related subject, I have never seen why poker winnings are not taxed.

Its nice to enjoy something in life without it having it taxed, thank you very much

If a pro poker player ricks his back carrying his huge ego around around he goes to see the doctor.

If he gets his wallet nicked he calls the police.

We use public services just the same as everyone else, why shouldn't we pay our share for them?

I don't think casual players who play recreationally should have to pay taxes on winnings, just the pros.

The day will come no doubt. I expressed the view it would a couple of years ago when casinos started scanning everyones ticket when they had a rebuy. A perfect way to keep track on what people spend in tournaments.

I just think its nice to have something which isnt taxed at the moment as we are used to having the bollox taxed out of us as a nation.

Do you pay any NI contributions?

[The Camel]

On a related subject, I have never seen why poker winnings are not taxed.

Its nice to enjoy something in life without it having it taxed, thank you very much

If a pro poker player ricks his back carrying his huge ego around around he goes to see the doctor.

If he gets his wallet nicked he calls the police.

We use public services just the same as everyone else, why shouldn't we pay our share for them?

I don't think casual players who play recreationally should have to pay taxes on winnings, just the pros.

The day will come no doubt. I expressed the view it would a couple of years ago when casinos started scanning everyones ticket when they had a rebuy. A perfect way to keep track on what people spend in tournaments.

I just think its nice to have something which isnt taxed at the moment as we are used to having the bollox taxed out of us as a nation.

Do you pay any NI contributions?

Yes, I've paid my stamp every year since I left work.

[doubleup]

I don't think casual players who play recreationally should have to pay taxes on winnings, just the pros.

define a pro

Someone who relies on gambling as sole or main form of income.

If you want to voluntarily pay tax, I'm fairly certain HMRC will accomodate you.

[The Camel]

I don't think casual players who play recreationally should have to pay taxes on winnings, just the pros.

define a pro

Someone who relies on gambling as sole or main form of income.

If you want to voluntarily pay tax, I'm fairly certain HMRC will accomodate you.

Someone always says that when I have this debate.

Obv I don't want to pay tax.

It's just I have yet to hear a decent, moral argument why a pro gambler shouldn't pay tax.

[WarBwastard]

I don't think casual players who play recreationally should have to pay taxes on winnings, just the pros.

define a pro

Someone who relies on gambling as sole or main form of income.

Perhaps because his income isn't guaranteed?

If you want to voluntarily pay tax, I'm fairly certain HMRC will accomodate you.

Someone always says that when I have this debate.

Obv I don't want to pay tax.

It's just I have yet to hear a decent, moral argument why a pro gambler shouldn't pay tax.

[I KNOW IT]

Dont you consider the rake in a cash game a sort of taxation? I know its a table charge but seems like your also being taxed  for being a winner.
.
 Would all the losing gamblers be eligible for some sort of tax rebate ?


Up until recently gamblers were taxed in the bookies

[ScottMGee]

It's just I have yet to hear a decent, moral argument why a pro gambler shouldn't pay tax.

Poker Players pay rake, the rake is taxed, hence poker players already pay tax!

[vegaslover]

Dont you consider the rake in a cash game a sort of taxation? I know its a table charge but seems like your also being taxed  for being a winner.
.
 Would all the losing gamblers be eligible for some sort of tax rebate ?


Up until recently gamblers were taxed in the bookies

In effect gamblers still pay tax when using bookies, it just comes off the bookies profits instead of being taken from the gambler at point of sale.
IIRC bookies turnover quadrupled in the few years after the betting duty was abolished, making the Govt. far more in tax then they were previously from gambling.

[deepreacher]

On a related subject, I have never seen why poker winnings are not taxed.

Its nice to enjoy something in life without it having it taxed, thank you very much

If a pro poker player ricks his back carrying his huge ego around around he goes to see the doctor.

If he gets his wallet nicked he calls the police.

We use public services just the same as everyone else, why shouldn't we pay our share for them?

I don't think casual players who play recreationally should have to pay taxes on winnings, just the pros.

How would this work? What defines casual player or Pro? I work self employed, pay my tax etc and also play alot of poker - am I a casual player or pro? If I go on a huge downswing am I allowed to claim it as a taxable expense?

Also, the money I have earnt has already been taxed, why should it be taxed again when I decide to play poker with it?

[AndrewT]

If gambling winnings are taxable then surely gambling losses become tax-deductable?

I would imagine the tax lost from gambling losses would be more than the tax gained from gambling wins.

Keith, think of all the poker losers as paying your tax for you.

[Ironside]

On a related subject, I have never seen why poker winnings are not taxed.

Its nice to enjoy something in life without it having it taxed, thank you very much

If a pro poker player ricks his back carrying his huge ego around around he goes to see the doctor.

If he gets his wallet nicked he calls the police.

We use public services just the same as everyone else, why shouldn't we pay our share for them?

I don't think casual players who play recreationally should have to pay taxes on winnings, just the pros.

How would this work? What defines casual player or Pro? I work self employed, pay my tax etc and also play alot of poker - am I a casual player or pro? If I go on a huge downswing am I allowed to claim it as a taxable expense?

Also, the money I have earnt has already been taxed, why should it be taxed again when I decide to play poker with it?

the money you spend in the pub/shop/petrol station etc etc has already been taxed its still taxed again