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ibex:radmin_raffle [2019-03-17 20:06] – created katerich | ibex:radmin_raffle [2019-03-18 13:13] (current) – katerich | ||
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**RADMIN:** Yes! | **RADMIN:** Yes! | ||
- | **Q:** What is the legal status of this raffle? Do we need use the Chatham House Rules, in that we might not want to talk about it outside of this room>?As far as I know, in the UK you're not allowed to gamble without a license? | + | **Q:** What is the legal status of this raffle? Do we need use the Chatham House Rules, in that we might not want to talk about it outside of this room?As far as I know, in the UK you're not allowed to gamble without a license? |
**RADMIN:** Under the Gambling Act 2005 it is legal to hold a raffle in the UK if the prize is under £20K. This raffle also qualifies as an incidental non-commercial lottery (with no license needed) so long as all tickets are sold at the event, and the organisers don't spend more than £100 of the raffle income on expenses. In our case the raffle takings were £32 (32 tickets sold at £1 each, all during RADMIN). | **RADMIN:** Under the Gambling Act 2005 it is legal to hold a raffle in the UK if the prize is under £20K. This raffle also qualifies as an incidental non-commercial lottery (with no license needed) so long as all tickets are sold at the event, and the organisers don't spend more than £100 of the raffle income on expenses. In our case the raffle takings were £32 (32 tickets sold at £1 each, all during RADMIN). | ||
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**Q:** Is the money taxable? | **Q:** Is the money taxable? | ||
- | **RADMIN:** I think so. But there are a lot of variables. In the UK lottery winnings and gambling are exempt from tax. However this raffle is not a licensed lottery, it's not clear if it counts as gambling. There is not a lot of literature about cash raffles - and I would note that this raffle is a kind of inversion, normally raffles are there to raise cash, not disburse it. There are also ambiguities particular to the RADMIN context. For example in UK tax regulations, | + | **RADMIN:** I think so. But there are a lot of variables. In the UK lottery winnings and gambling are exempt from tax. However this raffle is not a licensed lottery, it's not clear if it counts as gambling. There is not a lot of literature about cash raffles - and I would note that this raffle is a kind of inversion, normally raffles are there to raise cash, not disburse it. There are also ambiguities particular to the RADMIN context. For example in UK tax regulations, |
So if you were to be awarded such a prize as a ' | So if you were to be awarded such a prize as a ' | ||