 Betting and gaming
In June 2009, the High Court rejected HMRC’s appeals on both the bingo and gaming machine issues in the Rank case. Although it appeared as if HMRC had accepted the High Court’s judgment on the bingo issue (see Revenue & Customs Brief 40/09), there now seems to have been a change of heart with HMRC recently announcing that it has sought leave to appeal the High Court’s decision (see Revenue & Customs Brief 55/09). Therefore, both the bingo and the gaming machine issues appear to rumble on. HMRC also now requires businesses to take into account the underdeclaration of bingo duty that will have arisen on the basis that (the High Court is correct that) such income should have been treated as exempt from VAT.
Please click here to contact us for more advice.
Keep up-to-date with our VAT news by registering for our email alert. Click here to register.
|