Sunday, January 17, 2021

Tag: HMRC

UK taxman’s VAT appeal on FOBTs dismissed

Lorien Pilling GBGC HMRC VAT tribunal comment
The Upper Tribunal has dismissed HMRC’s appeal relating to the VAT treatment of fixed odds betting terminals (FOBTs) - write GBGC’s Lorien Pilling - which could lead to VAT refunds for the UK’s bookmakers.

Sportech sees positive start to 2016 as HMRC loses tax dispute

Sportech HMRC
Sports entertainment firm Sportech has reported an encouraging start to the year, with technology investments and new offices in Singapore bringing in a swathe of new business in the US and Asia. The wagering giant, which turns over around $13bn in bets every year, said its Racing and Digital division had had an “encouraging” start to the year. “The investment...

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