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Business
August 26, 2021
Rank Group Expects Big Payout From HMRC Over Tax Dispute
Rank Group is looking forward to receiving a windfall from an unlikely source. The UK’s tax authority, HM Revenue & Customs (HMRC), was accused of improperly assessing tax rates on some gaming activity, which a court acknowledged. Now that the HMRC has apparently decided not to appeal the ruling, it will have to pay back […]
Business
July 22, 2020
GVC Holdings Investigated by HM Revenue & Customs
GVC Holdings announced in a press release yesterday HM Revenue & Customs (HMRC) is widening the scope of its investigation into the dealings of the group related to its online gambling business in Turkey, which the owner of Ladbrokes sold in 2017. Widening the Scope of the Investigation A probe which started in November 2019 […]
Legal
May 21, 2020
Sports Books and Casinos Win the VAT Legal Battle with HMRC
Sports betting operators in the UK are expected to reclaim up to £1 billion, after the legal battle over the inappropriately applied tax to fixed-odds betting terminals (FOBTs) is over. The Upper Tribunal Tax Chamber came up with a ruling last month supporting the First-Tier Tribunal stance that gambling companies have been charged VAT on […]