national lottery winnings and tax

[mkjuk]

IF i won �1m on euromillions, would i receive a figure of �1m free of tax or would i get a net�600k?

[sddsddean]

Tax free.

[chainfire]

just wondering, did anyone win the euromillions on fri. and if not, how many people was it shared out to?
Thanks

[dzug]

Yes it was won - shared quite a few ways, I forget how many. Each winner got several millions thiough

[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.

[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 !)

[Daave]

http://www.national-lottery.co.uk/player/p/res ults/prizes/prizeAction.do?drawType=8&drawNum= 145&drawSeq=1

[dasherman]

The prize itself isn't taxed but if you put it in a savings account then it would be.