2006-09-16 11:00:37 · 26 answers · asked by ELAINE F 3 in Business & Finance ➔ Taxes ➔ United Kingdom
Your winings are tax free
2006-09-16 11:05:17 · answer #1 · answered by jack24746 1 · 0⤊ 1⤋
Numbers for tonight's Lottery Jackpot have yet to be selected. They will be selected after 22:00 tonight.
2016-03-27 04:23:33 · answer #2 · answered by ? 4 · 0⤊ 0⤋
In gambling you have 2 options, pay tax on your stake or pay tax on your winnings. When you buy a lottery ticket you pay the (5% ?) tax on your stake so there is no tax to pay on your winnings.
2006-09-16 11:12:54 · answer #3 · answered by strawman 4 · 0⤊ 0⤋
Firstly you jammy sod!
No you don't have to pay any tax on the winning but if you were planning on sharing the cash the person you "gift" the money to may have to, as there is a strict gift allowance every year.
You can complete a syndicate form when playing the lotto to say you are both entitled to it though, so you may want to complete one with "yesterdays" date on it.
2006-09-16 11:06:06 · answer #4 · answered by Emily L 1 · 1⤊ 0⤋
your winnings are tax free but you will begin to pay tax on your investments for instance if you keep the money in a bank account the interest is taxable, or if you invest in shares.
2006-09-16 11:08:41 · answer #5 · answered by Squeak 3 · 1⤊ 0⤋
Depends how much it is.
My dad got 5 numbers and won £80 coz so many other people did that night.
2006-09-16 11:03:38 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Winnings are tax free. you pay tax on the interest.
2006-09-16 13:30:03 · answer #7 · answered by wullie l 2 · 0⤊ 0⤋
according to the national lottery website you have won:
Drum roll please!!!!
£151,197
only 10K for this advice, I need a deposite for a flat :-)
2006-09-16 11:16:17 · answer #8 · answered by :-) 2 · 0⤊ 0⤋
Hello you beautiful, clever, amazing person. How are you today? Can i get you anything? You look great!
Is this working?
Sorry don't know the answer to your question but congratulations, spend it wisely and be careful!!! ENJOY!!!!
2006-09-16 11:12:23 · answer #9 · answered by Dancing Queen 3 · 0⤊ 0⤋
No its tax free any donations kindly received>> you jammy b*g*er
2006-09-16 11:07:08 · answer #10 · answered by tkalnins2000 2 · 0⤊ 0⤋