We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Universal credit and gambling winnings
Kay990
Posts: 6 Forumite
Hello members,
I have started a business and I am on universal credit.
If I gamble £10 and win £130 and the job centre finds out, can I get prosecuted?
As far as I'm concerned gambling winnings are not taxable.
I have started a business and I am on universal credit.
If I gamble £10 and win £130 and the job centre finds out, can I get prosecuted?
As far as I'm concerned gambling winnings are not taxable.
0
Comments
-
Providing you don't win enough to take any savings/capital to between £6,000 and £16,000 then the answer is no.
1 -
But is gambling your business?If not then as per poppy it will be classed as capital/savings.0
-
Is gambling a trade or profession? To be self employed you must be carrying out a recognised trade or profession.I am a Forum Ambassador and I support the Forum Team on the Benefits & tax credits, Heat pumps and Green & Ethical MoneySaving forums. If you need any help on those boards, do let me know. Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.Our green credentials: 12kW Samsung ASHP for heating, 7.2kWp Solar (South facing), Tesla Powerwall 3 (13.5kWh), Net exporter0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards