Betting is now TAX FREE on all horse racing and sports bets placed in betting shops. There is no tax for bets placed on-course. On the Internet, tax is usually lower than nine per cent while some firms charge no tax at all. Tax can either be paid on stakes or returns.
Service charge(s), required by state and federal agencies, which are added to a guest's check. This is paid to the requesting agency, not kept as profit by the establishment.
Under current UK legislation, any capital gains made through financial spread betting in tax free