Is there a tax income in Uk for traders ?
e. g. in malta :
Dear Mr XXXXXXXX
If such winnings are a one off occurrence, such income will not be
taxable. However if it is habitual, such gain can be considered as part
of one's income earning activity and therefore taxable.
The above is an opinion based on the information provided and is not a
legally binding advance revenue ruling.
Regards
JXXXXX ZXXXXX
Inland Revenue Department
IRD Call Centre:- 22962296
Freephone:- 80072297
e-mail: taxpayerservice.ird@gov.mt
url: http://www.ird.gov.mt
