bjaybjay
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RE: US Prize Award for Competition
Can you send me the relevant laws and regulations on this? -
US Prize Award for Competition
I am a UK tax resident and I won 50,000 USD from a programming contest from a US company. Based on the US-UK tax treaty and the W-8BEN form I have not been taxed and the competition organizers sent me the 50,000 USD. Am I taxable on this prize winning in the UK?