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Rank to Get £77.5M Refund on VAT Paid on Slot Machine Income

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Casino and gaming operator Rank Group will get a refund of 77.5 million pounds ($104.04 million) after reaching an agreement with Britain’s tax authority over value added taxes paid on slot machine income in 2006-2013, the company said on Monday.

Her Majesty’s Revenue and Customs (HMRC) earlier this year decided not to appeal a decision handed down by the First-tier Tribunal regarding VAT paid on slot machine income in the period from April 2006 to January 2013.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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