Lottery Winnings

[Hopkirk]

Will I have to pay tax on my lottery winnings?

[ummmm]

If it's not taxable they won't bother will they?

Although I must admit they are pretty useless. I told them years ago that I was no longer self employed. Since then I have moved....and they sent me a self assessment reminder to this address...!!

[joeluke]

No, but you'd have to share your winnings with Randall

[dothawkes31]

oh can you see him too joe?

[joggerjayne]

A Lottery jackpot is tax free.

If you win a yearly paymeny, it is treated as income, and is taxable.

So, if you work really, really hard, and earn £25,000 ... you get taxed.

If you buy a £1 ticket, and scoop £10,000,000 ... no tax.

It's all quite ... erm ... "logical"

[Hopkirk]

Randall won't know!