Tag Archives: HM Revenue & Customs (HMRC)

GVC ‘surprised’ at widening of HMRC’s Turkey investigation

GVC Holdings has confirmed that the HM Revenue & Customs (HMRC) has expanded its investigation into the company’s former online subsidiary in Turkey. The investigation, which began on 28 November 2019, was launched in relation to former third party suppliers, which the operator understood to be related ‘to the processing of payments for online gambling in Turkey’. In 2017, GVC …

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GVC submits claim for HMRC FOBTs rebate

GVC Holdings has become the latest gambling company to issue a claim to Her Majesty’s Revenue & Customs  (HMRC) regarding compensation owed from tax charges related to fixed-odds betting terminals (FOBTs). After William Hill followed the lead of Betfred and Rank Group earlier in the week, GVC has predicted that a successful claim ‘will result in a cash inflow to …

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Sportech VAT claim hearing delayed

Sportech Plc has been informed that its planned hearing of its £97 million value added tax repayment claim on its ‘Spot the Ball’ competition has been delayed. The operator was due to enter its claim hearings on 2 November, however Sportech was that due to a “lack of judicial availability”, its VAT hearing would have to be delayed. At present …

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