barjon
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What concerns me jon is that the SB firms - who presumably have a clear line of communication with HMRC - can't be so clear as you are.
Well just go to the HMRC search and stick in spread betting and see the guidance they come up with. It's pretty clear cut and I've kept on posting it.
However deviously FXMO seems think HMRC operate they do not give give pretty clear guidance (with legal precedent) on the one hand then chuckle behind their hands and flout it whenever they fancy.