#first tier tribunal

The First-tier Tribunal rejected an appeal filed by Broadway Gaming, a UK-based online gaming company, against Her Majesty's Revenue and Customs (HMRC) over a £4.9 million ($6.39 million) gaming tax refund. One of the main reasons the First-tier Tribunal dismissed the bingo and online casino operator's claim was Broadway Gaming's failure to provide…

UK casino and gaming operator Rank Group is set to get a 77.5 million pounds ($104.04 million) refund after having reached an agreement with the British tax authority over value-added taxes paid on slot machine income between 2006 and 2013, the company announced on Monday. The company stated the proceeds will be used to strengthen its balance sheet…

Rank Group has hit the jackpot after securing a VAT refund of more than £80 million on slot machine takings. The Grosvenor Casinos and Mecca Bingo operator said that it had reached agreement with HM Revenue & Customs on a rebate of £77.5 million, which it expects to receive shortly. Rank said that interest was also due on the claim, expected to…

Rank said the first-tier tribunal had agreed a 60-day extension to allow Revenue and Customs (HMRC) and Rank to agree the exact size of the claim, with the gambling firm still expecting to receive around £80m. Pubs, arcades and betting firms are set to receive billions in tax refunds after they were unfairly charged VAT by the government on some of…