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Gambling Winnings and Losses Essentially betting is 'tax-free' in the UK – the professional gambler is outside the scope of tax. This is confirmed in HMRC's Business Income. Learn how online betting works with taxes in the United Kingdom. Find out who pays the tax and what you need to do to stay on the right side of the law. The Reason The UK Doesn't Tax Betting Is Because It Wouldn't about betting of all types, including this spread betting, is that the winnings of.