# HMRC writes to businesses running prize draws

An episode of [ICAEW podcasts](https://invisiblenetwork.ai/podcast/1074716082), 5 Aug 2026, 2:17.

Audio: https://www.podtrac.com/pts/redirect.mp3/feeds.soundcloud.com/stream/2375419274-icaew-hmrc-writes-to-businesses.mp3

HMRC has written to businesses that run prize draws offering both paid and free entry routes to remind them that paid entries are subject to V-A-T at the standard rate of 20%.

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