Hello everyone. I recently came across this very informative video by a trader named Jason Graystone about taxes that UK traders need to pay. This is such a grey area in the UK and this video helped me to gain some real clarity on the subject.
Jason interviews two gentleman in this video. Firstly, Stuart Lane gives an overview of the CFD/Spread Betting market. Then Jason speaks to Andrew Wilson, who really breaks down the tax that UK traders have to pay and what key aspects traders need to be aware of in order to save money and not get in trouble with the law in terms of hefty fines.
To view this video click here [The Andrew Wilson Tax specific part starts at MIN 19:32]
After watching the Jason Graystone tax video, I conducted some further research into this area and found this good article titled Trading Taxes in the UK which breaks this subject down into key reference points which are easily understandable.
To view this article click here
Finally, for those of you reading who may not know where to locate your Tax Reports, Darwinex provide a guide on this via their help page.
To view this guide click here
Hopefully this information may be of some benefit for the Darwinex community. I have found it hard in the past to find specific information relating to Tax that traders pay, so feel it is important to share this knowledge.