#1
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Claiming your a pro - Any benifits?
ENGLAND - Not USA/Other.
Im currently student studying, but im not actually considered a student(cant be bothered to explain why). Anyhow, i wondered what benifits i may get from claiming to be a "professional poker player". Would i be able to get VAT off products use for poker? Computers/Books/Software? Any other hidden benifits or losses? Thanks in advanced guys, I only play $1/2 lol, but assume i can still say im "pro"? or are their requirements? |
#2
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Re: Claiming your a pro - Any benifits?
anyone can claim to be a "pro". I bet there are even thousands of losing players who claim to be "pro". It's just a title, who cares.
I personally consider a poker pro to be someone who lives solely off of poker winnings/rb/bonuses. Of course, someone with low living expenses may be "pro" and only make $15k/yr - which sucks. |
#3
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Re: Claiming your a pro - Any benifits?
When I read this I assumed he was talking about for taxation purposes.
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#4
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Re: Claiming your a pro - Any benifits?
I can't remember the exact amount, but the only way you can claim for VAT is to become VAT registered, and must be earning something like £45-50K a year. Besides, as we don't pay betting tax in the UK, why declare yourself as a pro?This would mean becoming self employed, then paying tax.
PJS |
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