Rank Group primed for £80m windfall in overpaid VAT case

First-Tier Tax Tribunal rules in favour of UK casino operator as HMRC is handed 56 days to appeal

Rank Group was handed a significant win yesterday after the UK’s First-Tier Tax Tribunal ruled in favour on its claim to be refunded VAT paid on slot machine income between 2006 and 2013. Rank expects the refund to be materially in line with its previous estimates of circa £80m, which would significant strengthen the casino…

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