BusinessCompany NewsVAT rebate for Rank

VAT rebate for Rank

The latest stage of an ongoing VAT battle results in a win for Rank Group, but the case isn't over

The Rank Group confirmed it has received £59.1m in overpaid VAT dues from HM
Revenue and Customs.

The rebate covers the period from January 2003 to June 2008, according to
investegate.co.uk


Following HMRC’s appeal of the repayment in May, Rank could be forced to return
the sum plus interest.

The case will be heard in the High Court in 2009.

Further Reading:

Rank
looking forward to £25m VAT reclaim

Big
win for bingo company Rank Group

Related Articles

KPMG UK breaks £2bn barrier, while partner pay falls

Accounting Firms KPMG UK breaks £2bn barrier, while partner pay falls

1y Stephanie Wix, Writer
Menzies looks to secure future for London Welsh RFC

Accounting Firms Menzies looks to secure future for London Welsh RFC

1y Stephanie Wix, Writer
ACCA announces partnership with RD Tax Solutions

Accounting Standards ACCA announces partnership with RD Tax Solutions

1y Stephanie Wix, Writer
Disputed 'transfer pricing' tax up 60% to £3.8bn

Company News Disputed 'transfer pricing' tax up 60% to £3.8bn

1y Stephanie Wix, Writer
Analysis: Q3 statistics show Brexit insolvency rise and 'shadowy' behaviour

Business Regulation Analysis: Q3 statistics show Brexit insolvency rise and 'shadowy' behaviour

1y Stephanie Wix, Writer
Record funds raised from tax relief schemes

Company News Record funds raised from tax relief schemes

1y Stephanie Wix, Writer
HMRC wins £1m VAT battle against environmental charity

Company News HMRC wins £1m VAT battle against environmental charity

1y Fraser Simpson, Reporter
Take part in our 'Seven Days in Accountancy' quiz

Accounting Firms Take part in our 'Seven Days in Accountancy' quiz

2y Fraser Simpson, Reporter