Tag Archives: HMRC

GBGA dealt ‘one entity’ blow in UK tax challenge

European Court of Justice Advocate General Maciej Szpunar has dealt a blow to the legal challenge brought by the Gibraltar Betting and Gaming Association (GBGA) against the UK HMRC’s 2014 new tax regime on online gambling duties. Detailing his opinion on GBGA’s ongoing challenge, Szpunar stated that British overseas territory Gibraltar and the UK should be treated as ‘one entity’ with regards to …

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HMRC provides more detail on freeplay taxation changes

The UK tax authority HMRC has declared that it intends to implement new regulations relating to industry free bets, bonuses and ‘discounted’ gaming. Updating the industry, HMRC detailed that the government would proceed with a ‘slightly revised option’ of its initial proposals in its incoming 2017 ‘Finance Bill’ in which it aims to reduce stakeholder burdens, whilst still achieving its …

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Sportech reports operational progress ahead of Court decision

Sportech PLC has revealed that its football pools business is performing to expectations, despite the uncertainty caused by the recent failed takeover bid by Burlywood Capital. In a trading update, Sportech said that The Football Pools continues to trade in line with management expectations, and is demonstrating the move to stability that we have been striving for in 2016. It …

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HMRC seeks industry consultation on Freeplay taxation

Following last March’s UK Budget 2016 announcement, HM Revenue & Customs (HMRC) has released an industry consultation paper detailing its proposals to levy remote gaming duties on freeplays (free bets), in order to align Remote Gaming Duty (RGD) policy with that of free bets in General Betting Duty (GBD). Publishing its consultation paper titled; ‘Tax Treatment of Freeplays in Remote …

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Sportech informs that HMRC will appeal £97 million VAT reclaim to Supreme Court

Updating the market betting technology provider Sportech Plc has announced that Her Majesty’s Revenue & Customs (HMRC) have applied to the Supreme Court for further permission to appeal its rescinded £97 million VAT repayment claim. The move by HMRC, follows last month’s decision by the UK Court of Appeal to rule in favour of Sportech Plc regarding its ongoing ‘Spot …

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HMRC denied Supreme Court appeal against Sportech £95 million tax claim

Issuing a market update, Sportech Plc has announced that the UK Court of Appeal has denied HM Revenue & Customs (HMRC) permission to appeal the decision which ruled in Sportech’s favour regarding a £97 million tax repayment claim to the Supreme Court. The decision by the Court of Appeal will likely end Sportech’s 7-year battle with HMRC regarding the tax …

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Technology upgrade sees Sportech positive on 2016 performance

Updating the market ahead of its annual general meeting (AGM), betting technology provider Sportech Plc has stated that 2016 trading is in-line with management expectations as the company has undertaken a number of operational improvements which have gained new customer wins. Sportech governance was pleased to detail that the UK Court of Appeal had ruled unanimously in favour of its …

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HMRC to appeal Sportech’s £97m VAT Spot the Ball refund

The legal to-ing and fro-ing between Her Majesty’s Revenue & Customs and Sportech over the gambling operator’s overpaid tax claim, worth £97m, is set to continue after HMRC announced it is to appeal the latest decision. The appeal is just the latest installment in the long running attempt by Sportech to reclaim tax the company says it erroneously paid on its Spot the Ball product between 1979 …

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Sportech wins £97 million ‘Spot the Ball’ VAT appeal

Betting technology provider Sportech has been cleared of its long running ‘Spot the Ball’ £97 million VAT repayment dispute with Her Majesty’s Revenues & Customs (HMRC). Today the UK Court of Appeal ruled unanimously in favour of Sportech’s case against HMRC which argues that the company was owed £40 million in VAT, plus added interest, on ‘Sport the Ball’ competition …

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Sportech VAT claim heard by UK Court of Appeal

Issuing a corporate update, FTSE listed gambling technology provider Sportech Plc has confirmed that its plea relating to its ongoing £97 million VAT repayment was heard by the UK Court of Appeal last Friday. Sportech governance aims to overturn its September 2014 VAT ruling on its ‘Spot the Ball’ competition, which sided with UK HM Revenue & Customs (HMRC) regarding the …

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