Is Euromillions tax-free?
When it comes to cash prizes, you also have to think about whether they would be taxed.
Your winnings should not be taxed but when they are considered as income or you start making income through interest, then these might be taxed.
The EuroMillions website says: “While there is no tax on the initial sum paid into your account, it may be that the win starts to produce an income through interest.
“This will then be taxed as part of your normal income tax.”
The advisor that the Lottery assign to you will help you with any tax issues or questions that you might have.
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