Confused about tax?

rmorgan

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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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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
 
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Mark Davies

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Yep that's the beauty of it, betting in the UK is tax free.
 

Ar_

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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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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
 
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Cas

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TAX FREEE baby
giphy.gif
 
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