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COURT FAVOURS HMRC IN RANK GROUP VAT APPEA

Thursday October 31,2013 : COURT FAVOURS HMRC IN RANK GROUP VAT APPEAL (Update)
 
GBP 30.8 million at stake
 
The Rank Group Plc (Rank) has applied for leave to appeal to the Supreme Court following a ruling handed down by the Court of Appeal in favour of HM Revenue & Customs.
 
The case concerns a claim for overpaid VAT between 2002 and 2005 .
 
Rank was awarded the HMRC refund amounting to GBP 30.8 million following successful rulings from the First-Tier Tribunal tax chamber and the High Court back in 2010 but cautioned at the time that the HMRC had appealed the rulings.
 
Gala Coral would have been watching the proceeds with interest as it was also the recipient of an HMRC repayment of GBP 44.1 million of VAT and GBP 7.4 million of associated interest in relation to claims for overpaid VAT on certain types of amusement machines between 2002 and 2005.
 
The company said it "notes" the Rank Group ruling along with its filing for leave to appeal.

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Gambling News :

Pokerstars Bahamas Main and High Roller Results - The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.

Rodrigo Duterte has identified illegal gambling as his third priority - Illegal online gambling operators can anticipate tougher times in the Philippines following a directive from President Rodrigo Duterte that stamping out illegal gambling is his third most important goal after illegal drugs and government corruption.

High Hopes For Pennsylvania Online Gambling - Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.

WILLIAM HILL ACCUSED OF QUESTIONABLE MARKETING TACTICS - British Labour member of parliament for Swansea East, Carolyn Harris, has described as "appalling" player-poaching techniques allegedly encouraged by the online and land bookmaker William Hill plc.

GoWild has announced the launch of its own new gaming platform - The European online gambling group GoWild has announced the launch of its own new gaming platform, providing entertainment in addition to its Microgaming games, which will now be delivered via the Quickfire platform.

UK Government Introduces Mandatory horseracing levy - The levy kicks in after the first GBP 500,000 in gross revenue has been earned by online and retail bookmaking firms and other betting organizations.

Chinese Arrested in Philippines Invalid - Representing the thirty-nine plaintiffs, defense lawyer Irene Bianca B. Distura claimed that the warrant that led to her clients’ apprehension is “invalid.”

NJ Warns No Federal Online Gambling Ban - New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.

Casino du Liban To Launch new online gambling platform - The venture will be in partnership with an unnamed international company, and a tender has already been launched with a deadline of January 19 to submit the proposals.

Winstar slot Pays Big Jackpot - One very fortunate online punter in Bermuda has scored a major win on the Winstar slot at the PokerStars online casino, collecting a $825,037 jackpot.

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