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national lottery winnings and tax

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mkjuk | 19:14 Mon 20th Nov 2006 | How it Works
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IF i won �1m on euromillions, would i receive a figure of �1m free of tax or would i get a net�600k?
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Avatar Image sddsddean
Tax free.
19:37 Mon 20th Nov 2006
Avatar Image chainfire
just wondering, did anyone win the euromillions on fri. and if not, how many people was it shared out to?
Thanks
20:29 Mon 20th Nov 2006
Avatar Image dzug
Yes it was won - shared quite a few ways, I forget how many. Each winner got several millions thiough
21:28 Mon 20th Nov 2006
Avatar Image sddsddean
No one won the jackpot, so they shared it between all the holders of 5 numbers and 1 star number (the level below jackpot). There were 20 winners of which 6 were in the UK each getting about �6million.
22:11 Mon 20th Nov 2006
Avatar Image almcd007
I bet whoever told you you had to pay tax - offered to pay it in for you.

I'm first to offer - Yes it's taxed - give me the 1 mIllion - I'll pay the 400k tax and give you the 600k back ! LOL (Tongue firmly in cheek !)
23:07 Mon 20th Nov 2006
Avatar Image Daave
http://www.national-lottery.co.uk/player/p/res ults/prizes/prizeAction.do?drawType=8&drawNum= 145&drawSeq=1
00:54 Tue 21st Nov 2006
Avatar Image dasherman
The prize itself isn't taxed but if you put it in a savings account then it would be.
11:22 Tue 21st Nov 2006

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