Big V.a.t. Pay-out For Sportech

But litigation with the UK taxman is not done yet

The long legal battle between online and land gambling group Sportech plc and Her Majesty's Revenue and Customs over the refund of decade's old value added taxes in respect of the company's Spot The Ball game (see previous InfoPowa reports) saw fresh developments this week when Sportech advised shareholders that it had received GBP93 million as a refund from HMRC.

But before the champagne corks could pop the company reminded its investors that HMRC has appealed against its latest legal victory, and if successful the taxman would be claiming the money back.

The case of over-taxation has its roots in VAT payments between 1979 and 1996.

Online Casino News Courtesy of Infopowa

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Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

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