On Thu, 24 Jul 2014 09:33:46 +0000 (UTC), Jethro_uk
wrote:
In two previous jobs I've been in a lottery syndicate. There's quite a
bit of legwork to do it properly ... you need to nominate who buys the
tickets, when subs are paid, what to do in the inevitable event that
member A didn't pay in (for whatever reason) on the winning week ...
The National Lottery provide a download pack that covers it .
As you say if a few people just bung a quid in each week without an
agreement things can get interesting. there is some circumstance where
the Inland revenue want a cut connected with inheritance tax on the
"Winners" estate if they die as the others cut will be deemed gifts.
I see some Tesco nightshift workers are the latest who probably won't
be doing many more shifts.
http://www.westernmorningnews.co.uk/...ail/story.html
G.Harman