Sunday, January 24, 2021

Tag: VAT

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?

Winter is coming: Over 100 hospitality businesses write to PM urging intervention

Winter hospitality jobs lobbying government
With concerns that many in the industry will not survive the “bleakest of winters” that awaits, a group of businesses led by trade bodies British Beer & Pub Association, UKHospitality and the British Institute of Innkeeping have warned that thousands of jobs will be lost if more is not done.

Bacta survey reveals almost a third of jobs lost as industry hits breaking point

Bacta survey shocking redundancy reports
As the Government announces further restrictions - including a curfew of 10pm for pubs - a survey of members carried out by Bacta last week reveals shocking rates of redundancy, with almost a third of the workforce having already lost their jobs or with their jobs at imminent risk. The government needs to act now.

Will Hill retail nosedives by over 60 per cent

Will Hill retail financials
They weren’t expecting it to be good and it wasn’t: with the latest financials from national bookkeeping chain William Hill detailing company-wide like-for-like revenues down by nearly a third (31 per cent) throughout the first half of 2020, with takings across its retail division plunging by over 61 per cent.

Cut VAT on beer, pleads pub sector

BBPA Beer VAT cut call
In addition to sounding the alarm that over a third of its members were struggling to break even, this week has also seen the BBPA call upon the Treasury to extend its VAT cut on food in pubs to include beer as well.

Government dismisses industry VAT and MGD reduction request

VAT MGD reduction request dismissed
The government has dismissed a request from Bacta for the amusements industry to be included in the temporary 5 percent VAT rate for tourist businesses.

London calling: Merlin leads capital’s tourism campaign

SOS London Merlin Entertainments
Merlin Entertainments has led tourism bodies such as UKHospitality, Tourism Alliance, ETOA and UKinbound in launching SOS London, a campaign aimed at urging the government to support tourism and hospitality in the UK capital

Staycation bookings soar alongside cut in VAT

staycation bookings soar
Hopes for some economic redemption for the year were stoked last week by the news that bookings for domestic holidays had surged 150 per cent compared to 2019.

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.

The fact that the industry cannot use price of play as a mechanism to either attract players or protect margins puts it at an extreme disadvantage

David Purvis Blueprint
Reprofiled games and rebalanced menus are just part of what Blueprint is delivering for its customers as managing director David Purvis explains it’s all about content.

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 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.

Slasberg sets Harris’ record straight

Barry Slasberg HMRC VAT Carolyn Harris
A choicely-worded letter by Northamptonshire working men’s club veteran Barry Slasberg to APPG head Carolyn Harris has called time on her denouncement on a VAT decision which could prove a lifeline to an industry in distress.

Campaign to cut Vat on tourism books a trip to Parliament

Brighton deckchairs vat tourism hospitality
Caroline Lucas MP wants VAT cut and a year long financial package to resuscitate UK tourism and the hospitality sector. It’s a tax reduction call with a long track record, but in a post-Coronavirus world, the case has never been as strong.

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..

Countering Coronavirus: The trade body way

Parliament sunset trade association members coronavirus
It’s been a busy time for trade associations who have been keeping their members updated and represented on the Coronavirus. Bacta has been tackling the issues with energy, the body’s latest update to the industry outlines a measure of its current activity over just a few days this week.

One billion plus at stake: Latest VAT ruling opens the door for closure on tax position on gaming machines

oyal Courts of Justice HMRC VAT
The dust will never settle long on the battle between HMRC and the gaming industry over VAT due on S16/21 and S31/34 machines from twenty years ago.

Rank steadies the ship with government aid and Linneweber victory funds

Rank Group Mecca Bingo HMRC VAT
A new statement from the Rank Group has praised “tremendous” government relief efforts, which the company says have proved invaluable in shoring up the company through tough times.

HMRC lose VAT appeal on tax exemption on gaming machines

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.

VAT campaigner retires, but the fight goes on

Kingsley Park WMC Barry Slasberg
Barry Slasberg has spent years challenging HMRC to repay VAT to his working men’s club. But he’s been swiped aside by a taxman, armed only with legally..

Trade bodies called to arms or called to task over the Kingsley Park WMC Vat case?

Kingsley Park WMC Barry Slasberg
A letter has arrived at the offices of CORCA and the WMCIU this week asking for their support in drawing HM Customs and Excise into what is the very lonely

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...

Edinburgh tourism tax plan challenged

A plan to tax tourists visiting Edinburgh that was previously announced by a council leader has been summarily dismissed by Scotland’s tourism secretary. Adam McVey, SNP leader of Edinburgh council, had said that a city-wide tourism levy was “ready for implementation” next year, a claim that has now been refuted by the national government’s Fiona Hyslop. She commented on Twitter: “So...

Tourism VAT cut would be “revenue neutral” by third year

Coinslot HM Treasury
While the industry would benefit immediately, the Treasury would only have to wait three years to start seeing a profit from cutting tourism VAT, according to the Cut Tourism VAT campaign that wants to see the 20 percent figure slashed to five percent. A cut to the VAT charged on tourism related products would be revenue neutral by the third...

UK roundup: Yorkshire coastlines, tourism, and British pubs

Coinslot tourism BHA
Concerns raised over coastal BID Concerns have been raised over a business improvement district designed to help boost the east Yorkshire coastline. Later this year more than 1,700 tourism businesses will go to ballot over the project but some in the industry have voiced worry about the impact of paying another levy on top of business rates. Industry awaits NI tourism...

More than 100 MPs back early day motion to save British pubs

Over 100 MPs have backed an early day motion calling on the UK Government to reduce the tax burden on British pubs. With 18 pubs across the country closing each week, MPs have rallied their support for a motion tabled by chair of the All-Party Parliamentary Save the Pub Group, Tony Perkins MP, to alleviate taxation on the great British...

With renewed sovereignty comes renewed opportunity to reduce Tourism VAT

apd tourism
Looking at the UK’s potential to exercise renewed sovereignty once untied from EU regulation, CEO of BALPPA Paul Kelly identifies a wider range of options for Tourism VAT reduction as a new opportunity in post-Brexit Britain. Now the government has to grasp it.   Britain will have a wider scope on reducing Tourism VAT following Brexit’s completion,with the country set to...

Ireland agrees to retain low tourism VAT rate

Coinslot - Ireland VAT
The Republic of Ireland’s legislators have decided to make their temporary nine percent tourism VAT permanent.   The tourism trade in the Republic of Ireland are rejoicing at the news that fears their ‘special’ nine percent VAT rate would be scrapped in the 2018 budget are no longer founded. State officials have now come to an agreement that the lower tax rate,...

Tourism VAT rise under review as Ireland prepares for Brexit

ireland tourism
The future of the Irish tourism industry post-Brexit has once more been brought to fore. Whilst a state tourism body has stepped in to alleviate fears, moves to increase tourism VAT has served to do the opposite.   Legislators in Ireland are planning to increase certain tax values in fear that Brexit will cost them considerable amounts of money. Ireland are...