Prize Bonds Tax Reference Cert

Noticed on Prize bonds website under FAQ that in event of winning a prize purchasers who do not already hold bonds will be asked, inter alia, for their tax reference cert. Is this requirement to ensure the winner returns to the revenue any income earned on the winnings or am i misreading the matter.

On the basis that all winnings in the Prize Bonds are Tax free I would say you are reading the mattert wrong. However it could be to do with Money Laundering etc.

While the winning funds are tax free any income earned by investing these funds would be subject to tax and it was this aspect that i am querying. In other words are Revenue alerted to such winnings?