Frequently Asked Questions about the UK National Lotto

are uk lottery winnings taxed
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are uk lottery winnings taxed The short answer is no, lottery winnings in the United Kingdom are not directly taxable However, winners are subject to taxes such as income or gift tax There  Technically, lottery winnings are classed as gambling winnings which means lottery winners won't need to pay income tax on their lottery cash   As from 1st January 1998 the lottery tax for events carrying prizes has been abolished The new law provides that the VAT due on

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