ask the taxman for £25.9m in overpaid VAT.
The request comes after the latest tribunal decision in a long-running battle
Revenue & Customs and Rank over VAT paid on its bingo machines
in its venues.
Two rulings currently go against the taxman. In August the tribunal rules
that the UK’s treatment of VAT on amusement machines contravened the EU
principle of fiscal neutrality, and in june a separate ruling found in favour of
Rank’s application relating to VAT on bingo.
Both have been appealed and are due to be heard next April.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states