Monday, August 8, 2022

Tag: Tribunal

HMRC ‘carefully considering’ Tribunal decision on VAT refunds as days to appeal count down

HMRC VAT offices tribunal appeal
By Thursday, HMRC will be past the half-way point of the allocated time-frame of 56 days to appeal the First Tier Tribunal decision in the Rank versus HMRC case. Last week, though, the tax office updated Coinslot of its position regarding an appeal, stating: “We are carefully considering the FtT decisions before deciding on next steps.”

Industry reaction The 20 year battle over VAT on machines – The Business Group

Peter Hannibal Gambling Business Group HMRC
Peter Hannibal of the Gambling Business Group knows a thing or two about the Rank versus HMRC case put before the First Tribunal last year.

Rank and HMRC back at the Tribunal over VAT monies

The Rank Group Gongman tax
Rank seem to have pulled their old gongman out of the archives and the former symbol of the gaming giant is banging that tam tam like crazy. With one victory of £42.5 million under its belt, the Group is back at the Tribunal this week for another return of VAT monies incorrectly taken by HMRC. And it could mean so much more for the broader industry - possibly £1 billion plus more?

HMRC outlines procedures for repayment of VAT monies

HMRC repayment of VAT monies
HMRC has issued its guidance notes to businesses in the gaming, gambling and leisure industries looking to reclaim VAT following the Upper Tribunal’s decision to find in favour of Rank and Done Bros last month. Coinslot includes an extract of the Revenue and Customs Brief which was published on the gov.uk website on 26 May.

Will Hill eyes £150m FOBT rebate, GVC pushes for £200m

William Hill FOBT VAT rebate
They’re queueing up at the doors of HMRC for that VAT rebate due following the Upper Tribunal’s decision to find in favour of operators over the taxman in..

HMRC expected to drop appeal against decision to return £1bn+ in unfairly taken taxes

HMRC vat not going to appeal
Revenue & Customs are currently finalising their next Business Brief in which they are expected to confirm that they will not be appealing against the Upper Tribunal’s decision in favour of Rank and Done Bros.

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..

HMRC lose VAT appeal on tax exemption on gaming machines

HMRC Tax
Wednesday was not a good day at the office for an already pressurised HMRC, as the ghost of tax exemption on machines came back to haunt the taxman.

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