lottery syndicate ?

[holly]

this weeks euro rollover is 82 million ,at work ive gone round asking the lads if they want to do a one off syndicate at £10 each so far there are 22 partaking .

what i am trying to find out is one of the lads said if its not a declared syndicate each wiinner (if its a big un) would have to pay tax as its classed as an income i have looked on the lottery web site and the only mention of a syndicate is you can send for a syndicate help pack ? can any of you guys shed any light on this matter

[Bleeh]

Listen.

 

When you are sharing 82Mil between the 22 of you (At a healthy £3.72 Million each), then it's time to hire an accoutant and to work it out.

 

But, the chances of you guys winning are 220 in 76,275,360 (Or 1 in 363,000 or so)

 

1 in 363,000 means you could play 220 tickets each week or seven thousand years, and only then you would of gotten through each combination, and still, I think you've only got like a 66% chance of a win by that time.

 

 

So yeah, let's worry about it when it happens.

Edited September 30, 2010 by Bleeh

[henry d]

Nice sums

[discreet hunter]

let em keep on dreaming.... dont spoil it

[Piebob]

Nice sums

 

Not when he remembers it's £1.50 a ticket for the Euro B)

[mick miller]

I hate to disappoint you but I think you'll find that I'm due to win it this week...

[steve_b_wales]

Not when he remembers it's £1.50 a ticket for the Euro

 

 

It's now £2.00 a ticket which includes 50p towards the chance of winning one million (only in the U.K.)

 

And it would be better to declare that it's a syndicate.