Tax rates 202425: tax bands explained

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

An interesting exception to this rule is that professional gamblers do not pay tax on their winnings This is because HMRC imposes a levy on the

taxes on $5 in any way that would locally or internationally evade any applicable taxes or facilitate tax evasion comply with applicable law in the UK

tax on lottery winnings australia We don't know of any official lottery operators who ask for fees to collect winnings Action Fraud is the UK's national reporting centre for fraud and