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Old 02-10-2012, 06:32   #17
egg&chips
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Re: Lottery Winnings

Quote:
Originally Posted by Boeing Guy View Post
Interesting comment, so how much percentage would you tax and at what point would it kick in?
Bear in mind that 0.12 pence of every ticket is duty paid direct to the Government.
Yes Camelot are a profit making company, they make 1/2 pence per ticket sold.
It's debatable, obviously, but how about 10% on winnings over £1 million, perhaps with the option to donate the same amount to an approved charity?
Camelot have overheads, but a halfpenny on 39 million tickets each week will keep the wolf from the door. Sadly, those poor saps who spend far too much of their meagre income on tickets in the hope of hitting the jackpot have far too many visits from their lupine callers.
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