Recent content by Virtual prophet

Still nothing been heard CityTrader? We're well overdue some IR guidance on traders; I pay income tax and NI as a sole trader on CFD & spreadbet trading profits, but I don't blame others for not doing so, when the law's so grey on it. Personally I like to know for sure where I stand, & also to...

Citytrader - "D1" is one of the tax schedules, income from self-employment. Sched A is income from land & property, E is from employment etc . . (Incidentally: are you waiting for your tax inspector to decide, or have you gone to the Commissioners? It's they who need to rule on it...

I do spreadbet Mike - CMC spreadbet. It's all very well relying on Graham v Green, but personally I'd not set too much store on 1925 caselaw! Pro gamblers can be taxed under DI, period. (The key word, of course, being "can").

Mike - I use CMC s/bet so no extra spreads. And voluntary over-payments are definitely not what I'm about! If I used s/bet to try to avoid tax on my business activities, it'd be just the same as the builder who's doing my kitchen & has offered to "save me the VAT" if I pay him in cash. (Which...

Lol, you know how it goes TheBramble. You'll also find there's rules the IR have as to how long you can get away with a business that makes losses: any business. It becomes a "hobby" after a while. If it's genuinely a business, then there's a strong argument for getting the loss relief...

First time for a long time on T2W; haven't been able to read every post on this thread but wanted to add for the record: I pay tax on spreadbetting. I took the view that since I'm a full-time trader under DI, and spreadbetting for me is absolutely identical to my other derivative trading, it...

Endless attempts to register for the free copies, get sent round and round in circles.

Re FTC Filtronic - they used to be on my watchlist, but not any longer. No advice intended or given, sorry I can't be more specific & good luck to holders. VP