Hello I’m looking to start getting into trading small amounts to get used to the market, how everything works etc, and then start investing more when I’m more confident. However I’m a bit concerned about taxes on income from trading - are they taxable just the same as a normal job? I’ve heard that some trading is counted as betting so isn’t taxable, does that not go for trading as a whole? I currently work part time and make a little bit under the first tax band (see here: salary-calculator.org.uk). I know how much money I can make before it’s taxable from that, but where do I go to actually pay taxes on it (if it is taxable, of course)?
Hoping someone here can help! Many thanks in advance, all replies are much appreciated