All About Tax On Gambling Winnings in the UK


Do you have to declare gambling winnings to the HMRC?

No, you are not required to declare any gambling winnings in the UK, regardless of the amount, whether you’re a hobbyist or professional player.

Why is gambling not taxed in the UK?

Taxing gambling in the UK might seem like a good idea, but if you have to pay taxes on your winnings, you should also be eligible to ask for a tax credit on your losses. This would result in negative tax revenue for the Treasury.

How much are gambling winnings taxed?

There is no such thing as a tax on gambling winnings in the UK, and you don’t have to disclose any winnings to the HMRC.