Oireachtas Joint and Select Committees
Wednesday, 27 March 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform
National Lottery Bill 2012: Committee Stage
5:35 pm
Brendan Howlin (Wexford, Labour)
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It is a simple matter. Lotto wins will remain tax free. The Revenue Commissioners will not be going after a person if they find €5,000 in an account somewhere. However, if they discover an account wherein there is €5 million they will have the power to inquire from where it came. This provision ensures that where a person declares that he or she won a particular amount on the lotto that would not be taken on face value but would be checked.