Finance

GVC joins bookmakers due VAT refund with £200m claim

Ladbrokes Coral operator estimates £200m windfall following landmark court case with HMRC

GVC is in line to receive up to £200m in incorrectly charged VAT on its FOBT portfolio following the end of HMRC’s tax case appeal. In a statement provided to shareholders, GVC said it was eligible for a rebate of historic VAT incorrectly paid on gaming machine revenues from its Ladbrokes betting shops between 1…

Finance | GVC Holdings | Hmrc | Legal Challenge | Sports betting | Vat

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