2007-07-07 14:52:37 · 5 answers · asked by arunapuramvedantham 1 in Business & Finance ➔ Taxes ➔ United Kingdom
UK Lottery winnings are tax-free in the UK. Your home country may levy taxes, however. No taxes are ever collected for payment of the winnings, it is up to you to settle the tax debt with your home country's tax authorities directly.
2007-07-07 19:36:33 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
If you go to La's Vegas and win a big jackpot, you would be deducted 30% immedately. It does not matter if you are a resident or non-resident. I think UK would do the same thing.
The procedure does make sense even if the Government does not tax non-resident. As you know it is always better for you to go after the Government for the tax money then for the Government to go after you.
I once won $1,800 paying Keno in Reno. The Casino deducted the tax from my winning. After I went back to Canada, I filed a tax return the following year and got my money back from the IRS.
I don't know the tax law in UK, but it is always good to file a return and see what happen.
A legitimate lottery company would deduct the tax from your winning and forward the balance to you. If you have to send them money to cover the tax before you collect the winning, then you better forget about it.
2007-07-07 15:01:48 · answer #2 · answered by Anonymous · 0⤊ 1⤋
fyi....If you received an email telling you that you won some lottery in the UK and that they will pay you the money after you pay them for the taxes.......it is a SCAM.
2007-07-07 15:53:25 · answer #3 · answered by Wayne Z 7 · 2⤊ 0⤋
You may pay tax if the country of your tax residence taxes this form of income.
2007-07-07 19:52:03 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Yep you have been screwed by the Nigerian emails
2007-07-07 16:46:16 · answer #5 · answered by Anonymous · 0⤊ 0⤋