Tag: VAT

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.

Is Bitcoin a currency?

Bitcoic, cryptocurrency, VAT, Gregory Price, tax
Gregory Price, tax consultant at Macfarlanes, summarises the HMRC’s latest opinion on cryptocurrencies: still a shapeshifting anomaly for tax, gambling and VAT. It depends why you are asking. For VAT purposes, transactions in cryptocurrencies…

Belgium to introduce VAT on online gaming

Belgium VAT online Gaming
A Belgian government plan to enforce a 21 percent rate of VAT on online gambling has been postponed until 1 August 2016, to give the gambling sector time to prepare for the change.   At the beginning of the month Belgium's House of Representatives passed legislation to remove the broad-based value-added tax exemption on the country’s gambling industry. “Some legal issues might...