Dusk
Elite
- Joined
- Nov 12, 2005
- Posts
- 2,715
- Location
- In the Auction House, selling my shit.
- Avatar Name
- Trinity Dusk Trinity
In the event that I make a cash withdrawal from Entropia Universe do I have to declare it, as a UK resident, to the Great British tax man?
Or could I claim that I've put in more down the years than I'm getting back and so try to justify not paying taxes?
Alternatively, could I say that EU is a huge casino with large elements of chance and so, in common with online gambling, there is no tax payable? (At least thats my understanding of online gambling - I could be wrong)
A bit about me. I've never yet withdrawn any cash from Entropia, I do a regular day job and so I'm taxed at source and always have been. I've never previously filled out a tax form in my life.
Thanks in advance for any useful advise.
Or could I claim that I've put in more down the years than I'm getting back and so try to justify not paying taxes?
Alternatively, could I say that EU is a huge casino with large elements of chance and so, in common with online gambling, there is no tax payable? (At least thats my understanding of online gambling - I could be wrong)
A bit about me. I've never yet withdrawn any cash from Entropia, I do a regular day job and so I'm taxed at source and always have been. I've never previously filled out a tax form in my life.
Thanks in advance for any useful advise.