Claiming your a pro - Any benifits?

POKhER · #1 10-28-2005, 02:59 PM

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?

Reef · #2 10-28-2005, 03:33 PM

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.

obsidian · #3 10-28-2005, 04:01 PM

When I read this I assumed he was talking about for taxation purposes.

PJS · #4 10-28-2005, 04:14 PM

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