Lottery Syndicates: The Ultimate Guide

HMRC does not consider lottery winnings as income and, as a result, lottery winnings are typically free from income tax However, if lottery winnings are

If the Syndicate ticket wins a prize, the total winnings will be divided equally among shares Members have the option to purchase more than 1 share which

national lottery telephone number You do not need a licence if you, as the organiser of a lottery syndicate purchase tickets from a lottery and distribute the winnings amongst

national lottery retailer Therefore they won't be treated as employment-related income by HMRC and any winnings are tax and NI free What about the cost to the business?