Taxation of NS&I Premium Bond winnings

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suein56
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Taxation of NS&I Premium Bond winnings

#11 Post by suein56 »

OH and I do win a small amount on a regular basis and we declare this income as Interest on our Tax declaration.

Premium Bonds state in their Terms and Conditions that 'winnings' are often taxable if you live abroad.

MAD87
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Taxation of NS&I Premium Bond winnings

#12 Post by MAD87 »

EU law refers to PBs as bons à tirer. Well, tirer implies a tirage, i.e., a draw, like the lottery. Some clown in Brussels screwed up big time when drafting the law, which seems par for the course. Many of their linguists are nul.

elsie
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Taxation of NS&I Premium Bond winnings

#13 Post by elsie »

MAD87 wrote: Fri Jun 28, 2024 2:44 pm EU law refers to PBs as bons à tirer. Well, tirer implies a tirage, i.e., a draw, like the lottery. Some clown in Brussels screwed up big time when drafting the law, which seems par for the course. Many of their linguists are nul.
where is the reference for that?

Did you read my earlier reference to obligation à lot ? viewtopic.php?p=53381#p53381

It is the taxation of Premium Bonds under French law which applies. That was explained in the reply from the French Tax office in my first post viewtopic.php?p=53355#p53355

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Sparkle
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Taxation of NS&I Premium Bond winnings

#14 Post by Sparkle »

suein56 wrote: Fri Jun 28, 2024 12:03 pm OH and I do win a small amount on a regular basis and we declare this income as Interest on our Tax declaration.
Same here but I'm waiting for a letter/email asking why my interest increased last year compared to previous years - for some unknown reason I had a few winnings from Ernie last year!
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suein56
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Location: southern Morbihan

Taxation of NS&I Premium Bond winnings

#15 Post by suein56 »

Sparkle wrote: Mon Jul 01, 2024 3:04 pm
suein56 wrote: Fri Jun 28, 2024 12:03 pm OH and I do win a small amount on a regular basis and we declare this income as Interest on our Tax declaration.
Same here but I'm waiting for a letter/email asking why my interest increased last year compared to previous years - for some unknown reason I had a few winnings from Ernie last year!
Unless you won a lot (thousands) I'm not sure the Fisc would be too worried.
Our winnings total fluctuates quite a bit.

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