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12/12/09 - The embattled UK bingo industry received an early Christmas present this week when the UK tax authorities announced that it will accept that bingo games will be Valued Added Tax exempt.
 
The announcement follows HM Revenue and Customs' consideration of its failed High Court case against the Rank Group, where the group's mechanised bingo machines were classed as VAT exempt by the courts.
 
The publication Accountancy Age quotes official sources as confirming that the ruling includes all bingo games.
 
Deloitte senior indirect tax partner Tony McClenaghan said it was a "very positive announcement" for the industry, and those organisations affected should consider submitting claims for overpaid VAT.
 
"We believe that this is the right approach for an industry that has suffered in the last few years with an increasing burden in taxation," said Clenaghan.
 
However, with HMRC's appeal set for the courts in April 2010, the taxman has warned VAT claimants that if the government's appeal against the court ruling is successful, it would require the repayment of any reclaimed VAT with interest.
 
The VAT exemption follows a 2 percent cut on 'bingo duties' from 22 percent to 20 percent announced in the budget earlier in the week by Chancellor of the Exchequer Alistair Darling and due to take effect from April 2010.



Gambling News :

$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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