zlacker

In the UK you can choose to pay tax on your stake when you place it, so that your winnings are tax free, or not, in which case your winnings are taxed.

>>robotr+(OP)
Are you sure? I never make bets over £20 or so, but my understanding is if I hit it big there's no tax to worry about - this source seems to agree, unless you're a professional gambler which somewhat makes sense https://intelligentodds.com/gambling/do-you-pay-tax-on-gambl...

>>mnahki+D5
According to that link, it changed in 2001. I left the uk before that. Now I feel very old.

Thanks for the correction.