Can income from Arbing/Matched-betting be counted against you for Housing-Benefit??

Breast_Cancer_Survivor

sh1305 wrote: »

Sounds like boasting to me?

OP - do you have a reliable source (not wikipedia) to back this up?

I guess this is what a troll looks like? :rotfl:

April84

Breast_Cancer_Survivor wrote: »

If that is the case then why did you feel the need to start a thread?

I can't see you being entitled to discretionary hb if you are earning that much money, not if you are honest on your application anyway.

I started the thread asking about if that income would affect my DHP applications,
not if itd affect my normal benefits.

I already knew it doesn't affect normal benefits.



Ive now worked out how to do the august application to get around this though.

April84

sh1305 wrote: »

Sounds like boasting to me?

OP - do you have a reliable source (not wikipedia) to back this up?

Unfortunately the benefits service doesn't have a webpage which says ''if you do matched betting your income from it doesn't have to be declared''.


But thats because itd be physically impossible for them to ever monitor and enforce it if they had that rule.



Since you could get £500 benefits per week.

Make a bet at a bookie and win £500 cash profit.

(So at that point they could try claiming you exceeded the income for benefits,
although as itd be paid to you in cash no record that they can trace ever)


But then you could also say you made a bet later that day and it lost you £500.
(So you net income would be £0, thus you would be entitled to full benefits)




And the benefits service has absolutely no authority or power over you and your statutor rights whatsoever!

This means that they do not have the authority to say you have to 'prove you made a losing bet',
as by UK law tax winnings/loses don't have to ever be declared to anyone.

And the benefits service has no power or authority to over-rule this as itd be infringing on your rights.

[Deleted User]

April84 wrote: »

Thanks for tips but i know for a solid legal fact that even though matched-betting is risk-free,
its still classed under 'gambling' for tax and benefits-disregard purposes,
and so by law does NOT have to be declared to the tax-man or to the benefits service.


I only earn £150 - £250 per week from it anyways so not especially big money.

But im not prepared to miss out on dhps for this though.

why do i bother?but here goes DHP are limited to one 6 month period.

catz1ct

It might not affect benefits but if transactions are shown on your bank statements they might start asking questions about it.

andyandflo

April84 wrote: »

Unfortunately the benefits service doesn't have a webpage which says ''if you do matched betting your income from it doesn't have to be declared''.


But thats because itd be physically impossible for them to ever monitor and enforce it if they had that rule.



Since you could get £500 benefits per week.

Make a bet at a bookie and win £500 cash profit.

(So at that point they could try claiming you exceeded the income for benefits,
although as itd be paid to you in cash no record that they can trace ever)


But then you could also say you made a bet later that day and it lost you £500.
(So you net income would be £0, thus you would be entitled to full benefits)




And the benefits service has absolutely no authority or power over you and your statutor rights whatsoever!

This means that they do not have the authority to say you have to 'prove you made a losing bet',
as by UK law tax winnings/loses don't have to ever be declared to anyone.

And the benefits service has no power or authority to over-rule this as itd be infringing on your rights.

Could I ask a serious question please? Which planet in our galaxy do you come from?

This is quite simple from many points of view.

1. If you receive any money from any source you have a duty to inform the DWP/Local Authority of it's existence if you are claiming any form of means tested benefit or discretionary payment.

It does not matter where it comes from. Are you seriously contending that because it is winnings from gambling held in a UK bank account that you can expect them to ignore it?
It can only be classed as either income or capital. Not exempt income or capital. If that was the case every claimant would be swearing white was black that his/her cash jobs etc were actually winnings from a private game of poker!!
And if they were seen working they would argue that they do it voluntarily!!

2. The other point I made was that you will run the risk of HMRC arguing that it a taxable profit earned out of your vocation as a professional gambler. Hey I would love to be a fly on the wall when you tell them your version of the law!!

As regards trying to keep quiet about you activities - are you for real!

My friend, believe me you have no idea what information is kept about you and where it is kept! Even the information recorded on the reward cards that you use at the supermarket are used by government departments. All banks disclose regularly information about their customers financial dealings to HMRC who in turn link it into other government databases.
All on line betting organisations have to report all activity entered into by an individual if asked.
I am sorry but you are so naive. Have you ever wondered how, all and I mean all, of your financial activities can be examined by say the Official Receiver if you go bankrupt? How the DWP and other departments have knowledge of all of your ebay accounts not forgetting Paypal which is nothing more than a collection port for information that is used by the government? How do you think Councils and the government know about all of the inheritances that are paid out each year?
The list goes on and on.

There have been clever people than you that have come unstuck in the past and will continue to do so in the future.

April84

woodbine wrote: »

why do i bother?but here goes DHP are limited to one 6 month period.

No they are limited to 6months allocation, per each application.

You can however get them constantly for 5years in a row if you want,
just have to send in the re-application form every 6months.


And ive looked into the documentation which the benefits decision makers have to use when deciding if you get DHP and the amount that they give you,
and it clearly states that they are NOT allowed to hold past allocation of DHPs against you.



So even if you have been claiming it every 6months for 5years in a row they are not allowed to use that against you.

Jowo_2

Ah, I note the boasting, the sense of entitlement, the optimistic interpretation of the benefit regulations, the bizarre logic, the weak arguments that verge on lecturing. It is our resident troll that pops up under different names!

The one who can actually barely make ends meet but for the sake of their ego has convinced themselves they are an entrepreneur yet is wholly reliant on benefits to make ends meet.

Keep on bragging, I'm sure we all envious about those living alone in a bedsit on state benefits.

Bless...

lovetowinacar

andyandflo wrote: »

Could I ask a serious question please? Which planet in our galaxy do you come from?


The OP clearly comes from the planet "Troll"

:rotfl::rotfl:

lovetowinacar

Jowo wrote: »

Ah, I note the boasting, the sense of entitlement, the optimistic interpretation of the benefit regulations, the bizarre logic, the weak arguments that verge on lecturing. It is our resident troll that pops up under different names!

The one who can actually barely make ends meet but for the sake of their ego has convinced themselves they are an entrepreneur yet is wholly reliant on benefits to make ends meet.

Keep on bragging, I'm sure we all envious about those living alone in a bedsit on state benefits.

Bless...

:j:j:j

You have to pity the person really :rotfl::rotfl: