Monday, December 6, 2021

Tag: betfred

Rank Group to receive £78m as HMRC finally pays back VAT duties from as far back as 2006

HMRC Rank Group VAT operator Tax
A queue is forming at the door of HMRC after it settled on a return of monies to the Rank Group to the tune of £78m following the long and drawn out battle over VAT on gaming machines. Fifteen years in the waiting, independent operators owed by the taxman need to make sure they join the line - even if it’s without the fast pass of the bigger players.

William Hill’s betting shops up for sale

William Hill shops up for sale
All of William Hill’s 1,400 high street betting shops are up for grabs this summer as new parent company Caesars Entertainment looks to cash in on its unwanted assets.

Admiral AGC wins planning battle in Brum

Admiral AGC operator Talarius
AGC operator Talarius has gained a victory in a planning dispute in Birmingham, which paves the way for the company to open up another of its Admiral gaming centres within the city centre.

Harris undermines her credibility with ill-advised comments on VAT appeal ruling

Carolyn Harris
With small gambling businesses on the brink of bankruptcy throughout the country, mean-spirited APPG head Carolyn Harris MP has bemoaned a court ruling which could see them reclaim more than a billion pounds in VAT - monies that should never have been taken in the first place. Is this latest example of an ill-informed Harris..

Bookies “fighting for our lives” says Betfred founder

Betfred Fred Done FOBT
Towards the end of last year, Betfred’s Fred Done claimed the felling of the FOBT had left the betting industry up a creek sans paddle.

Betfred in the red again

Betting shop operator Betfred added nicely to its revenues last year, but the cost of preparing for the hit to its FOBT business put profits back and into..

Betfred sets high-street bookmakers up for £1bn rebate, paving the way for further claimants

Betfred High Street
A tribunal ruling in favour of Betfred could secure a £1bn tax rebate for bookmakers, while opening the door for operators in other sectors of the industry to pursue similar claims. Betfred has secured a legal victory over HMRC that could lead to a £1bn tax rebate for high-street bookmakers, as well as further implications for the industry. A First-tier tribunal (FFT)...