Confused about tax?

W3Schools
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#1
Hi! I'm new here so my apologies if this isn't the right place to be posting (@mods, feel free to move if i will get more responses elsewhere :) )

I've been betting on football matches recently and it's only just occurred to me that I don't pay tax (salary) - would the money from bets put me into taxable income territory? I haven't researched much into betting so don't know any of the complex bits yet so could use some help.

Thanks :)
 

Jon

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#2
Hi! I'm new here so my apologies if this isn't the right place to be posting (@mods, feel free to move if i will get more responses elsewhere :) )

I've been betting on football matches recently and it's only just occurred to me that I don't pay tax (salary) - would the money from bets put me into taxable income territory? I haven't researched much into betting so don't know any of the complex bits yet so could use some help.

Thanks :)
Matched betting is tax free
 

Mark Davies

Marky Mark is in the house!
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#3
Yep that's the beauty of it, betting in the UK is tax free.
 

Ar_

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#4
Sorry to jump on this one but just to clarify - as it's tax-free do I need to include it on my tax return at all or can I just omit it entirely?
 

Jon

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#5
Sorry to jump on this one but just to clarify - as it's tax-free do I need to include it on my tax return at all or can I just omit it entirely?
Omit
 

Cas

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#6
TAX FREEE baby
 

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