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Sportech Wins Tax Claims
Friday March 8, 2013 : SPORTECH WINS TAX CLAIM
Sum to be repaid to gambling group will be in excess of GBP 80 million i.r.o. overpaid VAT plus interest
The UK online gambling group Sportech plc reports that it has been victorious in its First-tier Tribunal Tax Chamber action against Her Majesty's Revenue and Customs Department (HMRC) seeking repayment of more than GBP 40 million in Value Added Tax, plus interest which could boost the reimbursement to over GBP 80 million.
The case arose from issues concerning the VAT treatment of Sportech's Spot the Ball game for the period 1979-1996.
First-tier Tribunal's Tax Chamber (HMRC) has until 30 April 2013 to appeal if it wishes, but has not yet revealed its intentions.
A Sportech spokesperson said Friday: "As a consequence of this ruling, Sportech will now enter into discussions with HMRC to agree the quantum of the claim.
“It is anticipated that the sum to be repaid to Sportech will be in excess of GBP 40 million in respect of overpaid VAT plus simple interest, which is expected to more than double the total sum receivable to more than GBP 80 million.”
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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