Taxation of NS&I Premium Bond winnings

Message
Author
suein56
Posts: 987
Joined: Wed Jul 28, 2021 6:16 pm
Location: southern Morbihan

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
Posts: 1953
Joined: Tue Jul 13, 2021 7:53 am
Location: 87520 Oradour s/Glane
Contact:

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
Posts: 678
Joined: Tue Jul 13, 2021 11:11 am

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

User avatar
Sparkle
Posts: 1762
Joined: Fri Oct 08, 2021 3:01 pm
Location: 53 Mayenne

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!
With this hand, I will lift your sorrows. Your cup will never be empty, for I will be your wine. With this candle, I will light your way into darkness. With this ring, I ask you to be mine.........The Corpse Bride

suein56
Posts: 987
Joined: Wed Jul 28, 2021 6:16 pm
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.

Post Reply