Would You Take the Prize or the Cash Alternative?
A cash alternative can be more useful than the advertised prize, but the choice is not always available and the cash amount may be lower than the headline value. Start with the…
Category: <span>Prize Guides</span>
Do You Pay Tax on Competition Winnings in the UK?
Short answer: a prize won by an individual entering an ordinary public competition as a hobby is not automatically employment or trading income. However, there is no single rule that makes every…