Bit random but I didn’t know where to post to get an answer. I was watching TV last night when an advert came up for a phone-in competition in which you could win £20,000 tax-free cash. How is that cash tax-free? What do the competiotion hosts do to get that money tax-free?
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> What do the competiotion hosts do to get that money tax-free?
Nothing. They have no say in it. It’s based on the laws in the country where the contest is held. Some countries require that you pay taxes on contest winnings, others allow exemptions. The ad you watched is simply indicating that these winnings fall under a “tax free” status in the relevant country.
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