Spread Bet Firms Ask for National Insurance Number?

JohnDave

Newbie
2 0
Spread betting firms in the UK like Oanda and IG ask for your National Insurance number when you sign up - yet spread betting in the UK is treated as gambling and tax free. So my question is do they liaise with HMRC, or any other government agency, regarding spread better's trading activity?
 

JohnDave

Newbie
2 0
Or is it just an ID verification?

I think I read somewhere(excuse my forgetfulness), that that was the case - they could have gone for other ID - but it just seems odd when you could open a Betfair account and gamble without having to do the same. Just wanted clarification to be honest.
 
M

member275544

0 0
Spread betting firms in the UK like Oanda and IG ask for your National Insurance number when you sign up - yet spread betting in the UK is treated as gambling and tax free. So my question is do they liaise with HMRC, or any other government agency, regarding spread better's trading activity?

Money laundering verification
Your address and NI number means you can check immediately a persons background
Passport would be another. Anywhere you can hold money in any online account is subject to to investigation. Nothing to do with tax
 

rationality

Junior member
11 0
Hey, do you think that I can earn some money with the casino, I have had an accident and my insurance is not covering everything? I have played sometimes and I'm not sure that I have sufficient experience in this. To be honest I found a Korean king-ca site and as I understood there is nothing complicated there. If you have some more options please share. I really would like to try it. Perhaps online gambling will show me the other part of my life and and will bring me a lot of money. Waiting for your help guys!
 
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