CASINO

Rank to claim £42m tax rebate

TAGs: betting tax, bingo

Payback time

Payback time

While just about everyone in the UK is still reeling from one of the most punitive pre-budget reports on record, there was one winner from Alistair Darling’s hair-brained economizing.

The Rank Group will get £26m back from the government and possibly £17m more after a ruling found that the VAT paid on their land-based casinos and bingo clubs between 2002 and 2005 contravened the European Union’s principles of fiscal neutrality. Result! Read more.

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