Uk taxation on gambling winnings

uk taxation on gambling winnings

Gambling Tax In short there is no tax to pay on either bets or any subsequent winnings in the UK. If you are not based in the UK you may be liable for tax in your.
In general, no UK gamblers /traders will pay tax on their winnings. They are Tax Free.
So, if we introduced a tax on betting winnings we would also need to have a system of credits or allowances for betting losses. And here's the. powerball drawing 2016
uk taxation on gambling winnings