Question:

Lottery winners in the UK?

by  |  earlier

0 LIKES UnLike

Do the winners have to pay taxes to their government for their winnings? Thanks.

 Tags:

   Report
Answer The Question I've Same Question Too

1 ANSWERS

Sort By: Date  |  Rating

  1. No, the actual winnings are tax free, but we do have to pay tax on the interest earned on the winnings if it has been put into a savings, or bank account, and that is calculated on an annual basis.

You're reading: Lottery winners in the UK?

Question Stats

Latest activity: earlier.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Register Now