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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.
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Asia Gaming To Showcase Live Dealer Action -
Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.
2017 Aussie Millions Event 6 -
Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.
2017 Ice Totally Gaming -
Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.
IGT in 7 Year Deal With Svenska Spel -
#IGT , as legacy #GTECH , has been providing video lottery products and support services to the state-owned monopoly Svenska Spel since 1996, the statement reminds readers.
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