The UK Court of Appeal has rejected Ladbrokes Coral’s £71 million tax avoidance claim, siding with UK Revenue & Customs (HMRC) over the decade-long legal dispute. In October 2017, Ladbrokes Coral governance had taken its dispute to the Court of Appeal, having lost a three-year-long hearing at the UK Tribunal Court. The Ladbrokes legacy tax avoidance case relates to a …
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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that Her Majesty’s Revenue & Customs (HMRC) have applied to the Supreme Court for further permission to appeal its rescinded £97 million VAT repayment claim.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 …
Read More »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 …
Read More »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 …
Read More »Sportech £93 million VAT appeal to be set for 2 November
Sportech PLC has issued a statement announcing that its ongoing appeal against VAT repayment on its ‘Spot the Ball’ competition, will be held on the 2 November of this year. In September 2014, The Football pools, betting and racing operator had been ordered to pay back a £93 million (€115 million) tax rebate after the HM Revenue & Customs (HMRC) …
Read More »UK Court of Appeal grants Sportech Plc right to challenge VAT repayment
Sportech PLC today announced that it had been granted permission by the UK Court of Appeal in relation to its VAT repayment claim regarding its “Spot the Ball” competition. Sportech is set to further challenge the UK tax authorities relating to tax claims worth more than £90 million. The company issued a short corporate statement this morning stating that a …
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