Check lottery in Lithuania and UK National Lottery

Latvian lottery latloto 535 (5 of 35)

Check lottery: how it looks in Lithuania

Check lottery started in Lithuania in November 2017 of the year, the main prize was drawn for the first time 2 January this year. The draw is held once a week on Tuesdays (10 checks win by 200 euros). Once a month, a big prize is drawn - 5000 euros. Prize fund - 173 000 euros, and the total costs are about 300 000 euros.

Checks are considered lottery tickets, issued in the markets, in the cafe, restaurants, in hairdressers and repair shops. Minimum purchase amount - 1 euros (in Latvia there will be more 5 euros). To participate in the game, the check must be registered on the website Winners must present the original of the winning check and document, proof of identity. If a person does not apply for a prize on time, the entire amount is returned to the state treasury.

Already in the first week, about 40 thousand checks. Most of them were received for payment of services, reported by the Lithuanian DELFI. According to the head of the check lottery project - Rolandas Puncevičius from the State Tax Inspectorate, the main goal of the lottery is “increase income accounting and reduce “shadow” the economy. Therefore, spheres were chosen to participate in the game., where the most unaccounted funds are - that is, the markets and the service sector”.

Other sectors may be included in the lottery in the future, but now in Lithuania receipts from stores, Gas station, pharmacies and other similar places do not participate in the lottery.

Economists: benefit is minimal

However, Lithuanian economists do not believe, that the lottery will bring tangible benefits to the state treasury. “Check lottery is aimed only at unaccounted trade turnover. But most of “shadows” in Lithuania - salaries in envelopes and smuggling. Here the check lottery is powerless, but in the area of ​​unrecorded trade may help a little. I don't think, that it will be possible to reduce unaccounted sales by 10%, at least in the first year, but these 300 000 euro will definitely pay off. And probably, can get 1-2 million. additional taxes”, - said the senior economist of Swedbank Nerijus Machiulis before the launch of the lottery.

Vice President of the Lithuanian Free Market Institute Vytautas Zukauskas says, that a check lottery can have only a very small effect on stabilizing the shadow economy, reports “Lithuanian courier”.

“Most people, who buy goods from illegal or legal suppliers, who do not keep records of income, want to buy cheaper goods from them. In many cases, this is a kind of oral agreement.”, - says Zhukauskas.

According to the analyst, this treaty indicates, what if even the buyer knows, who buys an illegal service, however it is cheaper. “This is such a kind of contract, that no check lottery will ever break”, - the expert is convinced.

Lithuanian catering emerged from the shadows

For the first seven months of the check lottery in Lithuania, compared to the same period 2017 year and taking into account the overall growth of VAT in the country, in the catering sector, about 2,4 million euros VAT, reported by the State Tax Inspectorate (GNI).

Check lottery, as calculated in Vilnius, only in the catering sector can it bring additional 7,5 million. Results will be known by the end of the year, when the tax office calculates its income.

In just seven months in Lithuania it was won 370 weekly and 8 monthly prizes, most of the checks come from catering establishments. “This year catering establishments are one of the priority areas of STI activity, so we can assume, what observable “Effect” check lottery shows an increase in the consciousness of residents and their desire to participate in the reduction of the scale “shady” the economy”, - said the head of the project Rolandas Puncevičius.

“Next year we will be able to assess, how the check lottery affected the markets. Since most of the people working there work for themselves, they will submit declarations for 2018 year only in spring 2019 years - then we can compare changes and trends 2018 and 2017 of the year”, - he thinks.

UK National Lottery (UK National Lottery)

She played out in the United Kingdom with 1994 of the year. Luda enters several games, the most famous of which – lotto – standard numerical lottery based on the formula six out of forty nine.

The lottery website directly says, that only UK residents can buy tickets online.

The probability of guessing the jackpot is relatively high, which makes the lottery even more popular. National lottery draws are held weekly on Wednesdays and Saturdays at 20:00 Greenwich. Live broadcasts on the BBC channel . Drop chances are shown in the table:

Category Number of coincidences Probability
Jackpot 6 main balls 1 to 13 983 816
2 5 major + extra ball 1 to 2 330 636
3 5 main balls 1 to 55 492
4 4 main ball 1 to 1 033
5 3 main ball 1 to 57

Thunderball is also included in the UK national lottery system.

The lottery is held every Saturday according to the formula 5 of 39 and an additional ball - the same thunderball - selected from 14. The jackpot is a fixed amount - five hundred thousand pounds.

Besides, Lotto plus belongs to the national lotteries of Great Britain 5, and a number of other games.

Latvia: a year left before the check lottery

As reported, the first draw of the Latvian Check Lottery must take place no later than July 2019 of the year. The check lottery is organized by the State Revenue Service together with Latvijas Loto. There will be two types of draws - weekly and monthly. During the weekly draws there will be 10 cash prizes - by 200 euro each, and the amount of the monthly drawing is 3000 euros.

It is planned to use all checks for an amount over 5 euro excluding value added tax (VAT). Participants will need to register checks online, specifying information about the place of receipt and your phone number, so that the SRS have the opportunity to contact the winners. The lottery has no age restrictions.

According to the plan of the Cabinet, check lottery will help the SRS to compare the checks submitted by buyers and information from the cash registers of various companies. For instance, the SRS will be able to detect cases, when the check will be issued, but will not be registered or will be erased from the cash register.

The lottery will not be cheap for the state: the development of a special IT system will require 200 thousand euros, and the prize fund and administrative expenses - by 250 thousand euros in 2019 and 2020 years. But the authorities are planning, what will get from this venture more, what will be spent on its implementation.

The SRS considers, that the check lottery will bring additional 3 million euros thanks to a reduction in the number of dishonest traders, hiding from taxes. The Cabinet instructed the Ministry of Finance to increase forecasts for VAT receipts in 2019-2020 yy on 2,95 million. Latvians will start asking for checks and thereby help the SRS to fight unregistered cash registers, and as a result, Latvia will see the flourishing of fair trade and fair payment of taxes.

Rate article