UK tax on casino winnings
So we assume that you like to play some casino games online if you ended up on casinohawks.com? If you’re rather new to the online casino world, then there might be one important question on your mind.
Do I need to pay taxes in the UK if I win in an online casino?
We can write a lot about this, but instead we’re going to be quick and give you the good news straight away. No, you don’t have to pay anything!
There is no tax on casino winnings for the UK residents as long as they are playing and winning in the online casinos that have a licence from the UK Gambling Commission.
Fortunately for all of us the betting tax that used to exists in the UK, was abolished many years ago, so right now no matter what you play: casino, bingo, poker and such you won’t have to pay any taxes on your winnings!
But how is it possible?
You probably can’t help but wonder how is it even remotely possible that the taxman doesn’t want your winning money? The answer is quite simple; the government still gets a lot of money from the gambling industry, but they tax the operators and not the players. So your favourite online casinos have to pay their tax, and not you. Isn’t that great? Apart from the taxation all online casinos legally operating in the UK need to also pay hefty fees to obtain and renew their annual licences.
How do I know if the casino is legal and I don’t have to pay tax?
The easiest way to know if the casino is legitimate, can legally operate in the UK and your winnings from that casino will definitely not be taxed, is to head over to the UK Gambling Commission website and check their list of approved casinos. You will find plenty of them there, so don’t worry.
But if you don’t have time to do this homework, and apart from knowing that the casino is legit you also want to know what you’re dealing with and what kind of bonuses and freebies you can get from a particular legitimate casino in the UK, then just read the casinohawks.com reviews!
We are here for you to give our guides and expertise on the best online casinos that can not only legally operate in the UK and guarantee you tax-free winning, but also comply with certain qualities.
Below you will find our checklist, which we go through when we analyse all online casinos before we can recommend them to our readers.
- Is it a licenced, legitimate and regulated provider that has a UK gambling licence?
- Does this casino have experience and proven track record?
- Are winnings from this casino tax-free for the UK players?
- Does the casino offer generous bonuses, special offers and promotions to the UK players?
- Are payments and withdrawals from the casino fast, safe and secure?
- Is there a reasonable security for users data?
- Does this casino offer professional and helpful customer service?
- Does an online casino have a decent choice of games and a good variety of different kinds of games in their portfolio?
- Do they use the best technology and provide smooth experience and gameplay from any device including mobile casino?
This is not even the full list as we also look at the design, navigation and overall gameplay experience of every casino that we suggest to our readers to try. We also make sure to keep up with all the latest casino news, trends, special offers, promotions and bonuses, so you can take a full advantage and get your true money’s worth while having fun and playing at an online casino.
We also have some exclusive deals with certain casinos that offer special bonuses and welcome offers including free spins to the casinohawks.com readers. Remember, we look for the best casino offers, so you don’t have to do it yourself!
Below you will find the full least of great casinos that have been thoroughly checked by our experts and tick all the boxes, so you can just go and visit them by clicking on the links below and choose the one that you prefer for the best online gaming experience.
The best tax-free UK casinos
Good luck and we hope you hit that tax-free jackpot soon!