The Rank Group Plc („Rank“) is pleased to note today’s interim decision from the VAT and Duties Tribunal („The Tribunal“). The Tribunal has ruled that, from November 2003 at least, the UK‘s Value Added Tax („VAT“) treatment of certain types of gaming machine was inconsistent with European Union rules concerning fiscal neutrality. This resulted in an overpayment of VAT by Rank.
London (Reuters) – The British government said on Monday it was reviewing taxes paid on player-to-player games in casinos, such as poker, where gamblers‘ so-called participation fees are subject to VAT but not gaming duty. Monday’s government announcement came in a statement in which the Treasury said ministers had made several incorrect statements relating to gaming duty in casinos since April 30.
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