Lee,
I am inclined to agree with you and will be taking the plunge tomorow. I am going to bet £20 a point long on the RBS Sep futures price and if it goes down, I will buy some more easing in at £5 per point per re-entry.
It's a long term punt with my stop loss set at 7 pence. I am happy to...
Thanks appreciated I fully realise that making a living from this is damn difficult. This is not my question though.
I still need to know how I should be registered with Inland Revenue and where it leaves me with regard to NI contributions.
I don't want to be on the wrong side of the law...
Hi Guys,
I am pretty clear in the Income Tax thread......where does this leave UK Spread bettors that derive their sole income from Spread betting with regard to paying NI? Do we need to register as Self -employed and then pay the weekly rate of £2.30??
Any advice would be greatly appreciated...
Hi All,
I am just starting to trade as a Spreadbettor as a UK resident.
I have read that Spreadbetting in the UK is still free of Income tax. I intend this to be my only income.
My questions:
1) What category do I register myself as with Inland Revenue?
2)If registering myself as self...
Hi All,
I am just starting to trade Spread bets as a UK resident. I have read that this is still free of Income Tax.
If this is going to be my only form of income how should I be registered with HM Revenue and Customs?
Do professional Spread betters register themselves as self employed and then...