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BRIT REVENUE AND CUSTOMS GIVES UP ON RANK V.A.T. ISSUE
December 6, 2011 : HM Revenue & Customs confirms Rank group's bingo claims after a long fight through the courts
Her Majesty's Revenue and Customs Department has finally conceded defeat in its long value added tax tussle over bingo with the Rank plc gambling group.
In a press statement Tuesday, Rank noted an announcement earlier in the day from HM Revenue & Customs' confirming that the group's claims for overpaid VAT on bingo (for which Rank has received GBP 253 million - will not be contested further.
This confirms Rank's analysis of the European Court of Justice's decision on the group's bingo claims, which was announced on 10 November 2011.
Rank's victory is only partial at this point. HMRC's announcement goes on to say that it will continue to contest Rank's claim for overpaid VAT on gaming machines (for which Rank has so far received GBP 30.8 million).
Rank anticipates that the next stage of this litigation will be heard in the UK courts in the first half of 2012.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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