Do you need to pay tax on lottery winnings?

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The GST Council on Wednesday deferred decision on levying a 28 per cent tax on casinos, online gaming, horse racing and lottery pending more

The very simple answer is zero You don't have to pay any tax on lottery winnings in the UK That's right, regardless of the amount of money The only rule is that you have to be 18 or over to buy a ticket Any winnings would be free of UK tax, although of course the winner might have

best slot sites malta Net lottery winnings are the total amount of winnings that remain after subtracting the cost of the lottery ticket The exact amount of tax Granting someone the right to take part in a lottery is exempt from VAT This exemption covers the sale of lottery tickets to the public If the lottery is free