How Much Tax Do You Pay on Lottery Winnings in the UK?
How Much Tax Do You Pay on Lottery Winnings in the UK?
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tax on lottery winnings uk
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The short answer is no Lottery winnings are not regarded as taxable income But there are indirect ways where your winnings could be taxed
If the lucky lottery winner is unmarried, then the general rule is that the person who purchased the winning ticket and holds the winnings, is In the UK, lottery winnings are subject to income tax at rates of 20% for basic rate taxpayers, 40% for higher rate taxpayers, and 45% for additional rate
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