Tag Archives: Her Majesty’s Revenue & Customs
- Ladbrokes loses £71m court fight with UK taxman
February 27, 2017
UK betting operator Ladbrokes owes the government £71m after losing its court fight over a bogus tax avoidance scheme. In December 2015, HM Revenue & Customs (HMRC) won a £54m judgment against Ladbrokes after the company admitted engineering a deal between two of its divisions that resulted in an artificial...
- Sportech finally prevails in £97m, seven-year fight with UK taxman
December 9, 2016
UK-listed gambling operator Sportech got an early Christmas present after finally prevailing in its seven-year, £97m fight with the UK taxman. On Thursday, Sportech announced that the UK Supreme Court has refused to hear the appeal of Her Majesty’s Revenue & Customs (HMRC) over a value added tax (VAT) repayment...
- UK online gambling operators catch a break on freeplay tax
December 7, 2016
UK online gambling operators caught a break this week after the government decided to revise its plan to tax online casino and bingo freeplays. In March, Chancellor George Osborne announced the end of the exemption that online casino and bingo operators had enjoyed from the 15% general betting duty imposed...
- UK taxman rejects Ladbrokes’ bid to claim £54m in phantom losses
December 3, 2015
UK-listed bookmaker Ladbrokes has lost a £54m tax avoidance case brought by the UK taxman. On Thursday, HM Revenue and Customs (HRMC) announced that a first-tier tribunal had agreed that Ladbrokes couldn’t reclaim £54m the bookie had attempted to claw back via a bogus scheme devised by big four accountancy...
- The HMRC Open the Online Gambling Tax Duty Floodgates
November 6, 2014
Her Majesty’s Revenue and Customs (UK) have opened the point of consumption tax floodgates, by announcing an online registration service, for all gambling entities willing to do business with customers in the UK, after the new law comes into place 1 Dec 2014. Christmas. That wonderful time of the year...
- Sportech told to repay £93m to UK taxman; Stan James refutes sale talk
September 17, 2014
Liverpool-based football pools betting and racing operator Sportech has been ordered to repay the £93m in received from the UK taxman just three months ago. Several years back, Sportech had filed to reclaim some £40m in value added tax (VAT) its Littlewoods subsidiary had (allegedly) mistakenly paid Her Majesty’s Revenue...
Lottoland CEO says Australian controversy good for business
September 25, 2017