Tuesday, December 7, 2021

Tag: Tax

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.

Off The Record – Corruption-Westminster Sleaze – Booster Vaccination and Basil Fawlty

Off the record Boris Johnson Kier Starmer
Corruption, Westminster sleaze, the booster vaccination and Basil Fawlty all come under the microscope in this week’s edition of Off the Record

BBPA make Treasury demands ahead of Budget

BBPA treasury demands ahead of budget
The British Beer and Pub Association has held a “very productive” meeting with the Treasury ahead of the 27 October Budget, highlighting the £26bn contributed by the sector annually.

British Retail Consortium urges Treasury to reduce business rates burden

tax British Retail Consortium budget call
New report shows damaging impact of ‘shops tax’ on the levelling up agenda predicting further shop closures and job losses across the country. Time has run out for the restrictive business rates tax regime.

Federation of Small Businesses asks government ‘what’s your offer?’

Federation Small Businesses Conservative Party tax
The Conservative Party’s relationship with business is at risk following the biggest small business tax hike in British history.

Off The Record

Brighton Pier Off The Record Labour Conference John Whittingdale energy crisis
Off The Record laments the loss of John Whittingdale, predicts a bumpy Conference ride for Labour leader Sir Keir Starmer and explains why rising energy costs are a body blow to the AGC business.

BBPA reports pubs overpay £570m in business rates

Business Rates being overpaid BBPA
The British Beer and Pub Association has reported that pubs overpay their fair share of business rates by £570m annually, as it calls for “root and branch” reform.

Horwood: “We have noticed an increase in enquiries and orders”

Mark Horwood UDC Roadmap to recovery
The roadmap is a ‘massive boost’, says Mark Horwood of UDC. But it doesn’t mask the discrepancies in the government support schemes, which for the next ten weeks will be crucial. Top of the list for the machines distributor is consistent application of the VAT cut across the sector.

Road rage: Southend fury at new parking charges

Southend parking charge fury
If there’s one thing that can raise the temperature of Southend folk, it’s parking fees in the seaside resort. And that temperature blew the thermometer last week

HMRC ‘bad faith’ keeping gaming “minnows” off VAT repayment radar, claims Slasberg

Barry Slasberg HMRC VAT refund fight
The forty year vet of the Working Men’s Club sector says that Her Majesty’s revenue service has made good on VAT repayments to big business, whilst letting smaller players go hand. Barry Slasberg is not interested in pulling punches; his battle - or war - with HMRC certainly brings out the rage.

Treasury statistics show true extent of damage to gambling economy

HMRC Gambling income statistics
According to government numbers, taxable gambling income has shrunk 8 per cent overall throughout the year with machine revenue cut almost clear in half nationwide and near eradicated entirely within landed bingo venues.

White denounces “scandalous” targeting of AGCs in three-tier shutdowns

John White Bacta AGCs shutdowns
In his latest missive to membership, Bacta chief executive John White spoke out against what he saw as clear and vindictive political manoeuvring against adult gambling venues packaged within Westminster’s latest Covid-mitigating strategy.

Bacta steps up call for temporary tax cuts for coastal arcades

John White Bacta Call for MGD Tax cuts
Bacta has stepped up its campaign to secure further support measures for the amusements industry, calling on the government to reduce MGD for a temporary period.

KE Entertainments loses appeal for backdated VAT monies

UK Supreme Court KE Entertainments HMRC VAT overpayments
There was a disappointing outcome at the UK Supreme Court for bingo operator KE Entertainments whose appeal to overturn a decision by HMRC not to repay £435,630 in taxes for the period 1996-2004 was turned down.

Showmen secure parliamentary consultation on Red Diesel

Showmen parliamentary consultation red diesel
The Showmen’s Guild of Great Britain secured the support of Margaret Ferrier MP in calling for the Red Diesel tax rebate to be extended to the showmen community, following the removal of entitlements announced in the Budget.

Bacta and HMRC highlight high-rate MGD overpayment

Check your MGD returns, you may be overpaying. That’s the message from Bacta and HMRC this week as figures indicate larger than forecast high rate band..

No plans to change gambling tax this year, says Irish minister

Ireland Gambling Tax Law
As the Irish government stalls in its efforts to update its gambling laws, finance minister Paschal Donohoe says he will not hurry through tax..

Medics call for compulsory levy

Medics call compulsory tax levy problem gambling
The authors of a new medical report say that a mandatory tax on gambling revenue is required to mitigate problem-gambling costs to the health service..

UK Hospitality urges digital tax redirection

UKHospitality has called for digital tax revenues to be used in reducing soaring business rates in response to government consultation. The hospitality association stated the new Digital Services Tax should be invested in supporting Britain’s high street. “UKHospitality has repeatedly called for the introduction of a digital tax to level the play- ing field and better reflect the realities of business...

Taxing times for Kingsley Park Working Men’s Club

kingsley-working-mens club
It may be a David and Goliath confrontation, but Kingsley Park Working Men’s Club have slung a mighty rock at HM Customs & Excise. It won’t have cast the UK’s VAT authorities asunder, but it will certainly sting. The WMC want their £37,000 of duty back, and they are calling on the media to support their fight for justice. Barry...

Threat of statutory levy gains ground

Politics, tax, statutory, levy, industry
The Responsible Gambling Strategy Board has proposed a compulsory levy on gambling operators to fund problem gambling initiatives, as part of feedback on the the UKGC National Strategy. Intended to replace the current voluntary contributions made by firms, the board made the suggestions to designate funding for prevention, treatment and research, with the final Strategy set for publication in April...

Irish bookies await promised tax hike review

irelnad, bookmaker, tax
Ireland is awaiting a review of its bookmaker turnover tax increase from one to two percent, which came into action on 1 January. Proposed as part of Budget 2019 by Ireland’s finance minister Paschal Donohoe, the tax hike has been a cause of huge concern for industry stakeholders, with independent bookmakers in particular feeling squeezed by the 100 percent rise. Following...

Casino machines seized in Dublin

Casino machines, Dublin, ireland, tax
Revenue, Ireland’s customs and taxation agency, has seized equipment from Dr Quirkey’s in Dublin for using amusement licences on its casino machines. It is understood that more than 50 machines were taken from the premises on Wednesday last week, with more also taken from another of the opera- tor’s premises in Phibsborough. This continues on from last year’s crackdown on...

Minister on brink of quitting over FOBT stake delay

FOBT stake reduction
Tracey Crouch, the Sports & Civil Society Minister, is understood to be considering her position after the Treasury announced a six month delay in the reduction of stakes on fixed odds betting terminals. The Government had previously agreed to slash the stakes on fobts, but the recent budget announced that a reduction will be delayed by six months until October...

Ulster still on VAT backfoot against Republic, say observers

Ulster, VAT, tax, politics, ireland
A budgetary increase in VAT paid by the hospitality sector in the Republic of Ireland still leaves Northern Irish counterparts at a pronounced competitive disadvantage, claim industry campaigners. As of 2019, VAT paid on hospitality services in the Republic will rise from 9 per cent to 13.5 per cent - but across the border the UK government continues to enforce...

Pressure grows on Hammond for rates redress

Phillip Hammond, government, Vince Cable, tax, government
There are growing calls for the chancellor to level the taxation playing-field between the high-street and online retailers, after it became clear that British companies will pay an additional £728m in business rates next year. The increase reflects a 2.4 per cent rise in inflation, and is set to bring next the total bill levelled at UK business next year...

Ignored and isolated: Kingsley Park Working Men’s Club receive the silent treatment from the HMRC

kingsley-working-mens club
Kingsley Park Working Men’s Club has been battling to reclaim VAT paid to HMRC for over four years. Caught in the fall- out of a push me pull me legal battle, the WMC remains adamant that the money - nearly £40,000 - is their’s. Barry Slasberg has been driving the case but has hit a wall of silence. Not...

UK Treasury poised to deliver ‘drastic’ online tax rise

Tax hike treasury
The UK treasury is preparing to announce a rise in online taxes, when it delivers the autumn budget next week – that could see liabilities increase by ten percent. The rise is being devised to compensate for lost tax receipts after the controversial cut in gaming machine stakes from £100 to £2 is implemented next year – potentially as soon...

Ireland to double-up on gambling taxation in new budget

An imminent rise in gambling tax to two per cent could see large swathes of Ireland’s landed betting trade, and maybe other gaming sectors, hewn away, say industry advocates. Budget 2019 in the Republic of Ireland is set to double the rate of gambling revenues, from one to two per cent. Finance minister Pascal Donohoe has included the proposal as a...

One percent compulsory levy would be weighted across sectors, says Labour

At a Bacta-sponsored fringe event during the Labour Party Conference, Tom Watson revealed that his proposed one percent statutory levy would be weighted across the differing sectors of the gambling industry. Tom Watson has revealed that his one percent statutory ‘smart levy’ would be weighted across the various industry sectors, with those most responsible for gambling-related harm also paying the...