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- Dec 16, 2004
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- Palm Bay Florida
Taxman 'faces 500m bingo bill
A Mecca bingo hall
Machines in Mecca bingo halls formed part of the claim
Rank Group - which runs casinos and Mecca bingo halls - has won a High Court case which its advisers say could cost the taxman up to 500m.
The court said Rank was entitled to 62m from value added tax overpaid on slot machines and bingo takings.
This follows some UK gaming and bingo machines being exempt from VAT while similar machines were subject to the tax - a disparity illegal under EU law.
The judge said that there were over 1,000 similar claims outstanding.
A Mecca bingo hall
Machines in Mecca bingo halls formed part of the claim
Rank Group - which runs casinos and Mecca bingo halls - has won a High Court case which its advisers say could cost the taxman up to 500m.
The court said Rank was entitled to 62m from value added tax overpaid on slot machines and bingo takings.
This follows some UK gaming and bingo machines being exempt from VAT while similar machines were subject to the tax - a disparity illegal under EU law.
The judge said that there were over 1,000 similar claims outstanding.
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