News for hackers. Stuff that matters.
Re:Spanish government limits crowdfunding to € 1M, donations... by DanBC on Friday February 28, 2014 @06:38AM (#7318190)
The trick is to know when the tax needs to be paid and what it needs to be paid on.

This is why accountants are important. They know the system and paperwork and words; they know how you can pay tax in one form cheaper and later instead of expensive and now.

I don't think UK taxes lottery winnings.

Re:Spanish government limits crowdfunding to € 1M, donations... by polymatter on Friday February 28, 2014 @06:52AM (#7318223)
link showing DanBC is indeed correct (http://www.national-lottery.co.uk/player/p/help/playinginsto...)

though UK lottery winnings will still be taken into account for inheritance tax if the winner dies within 7 years.

Re:Spanish government limits crowdfunding to € 1M, donations... by ArenaSource on Friday February 28, 2014 @09:41AM (#7318884)
that's for parents safety
Re:Spanish government limits crowdfunding to € 1M, donations... by gambiting on Friday February 28, 2014 @07:03AM (#7318264)
Yeah I know UK doesn't, that's why I said "most" EU countries, and not all of them.