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Old 11-26-2005, 07:41 AM
MadMat MadMat is offline
Senior Member
 
Join Date: Jan 2005
Location: UK
Posts: 179
Default Re: Country with most lenient tax law towards poker income?

You would have to pay council tax to the local authority where you live, varies by price of the property you live in, my 3 bedroom house in Essex costs me £800 a year roughly.

A large part of UK taxation is made up of sales taxes and duties, so while you wouldn't incur income tax on your poker profits you will pay 17.5% sales tax (we call it V.A.T.) on just about everything you buy this is generally already included in the ticket price on the items in the shops. (basic foodstuffs, books and childrens clothing are about the only things exempt from this)

Petrol is very expensive compared to the US due to fuel duties - expect to pay £4 ($8) a Gallon

If you smoke or drink you'll get hit hard with duties there, Expect to pay around £4 ($8) for a pack of 20 ciggies, £2 ($4) for a pint of beer in a pub(more in nightclubs or upmarket places) and £15 ($30) for a bottle of Jack Daniels from a supermarket.

OTOH The tipping epedemic that is so wdespread in the US hasn't taken hold in these shores yet, so you can walk the streets without being expected to give handouts to everyone you deal with on a daily basis!

Mat
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