Business
HMRC appeals VAT decision
HMRC appeals VAT decision.
About this update from Rank Group Plc
[{"type":"text","content":"\n RNS Number : 9046Y Rank Group PLC 11 July 2008 \n\n\n\n11 July 2008\n\nHMRC appeals VAT decision\n\nThe Rank Group Plc ('Rank') notes that today Her Majesty's Revenue and Customs ('HMRC') has appealed the decision of the VAT and Duties Tribunal, relating to Rank's £36.3m claim for VAT paid on interval bingo. \n\nOn 22 May 2008, Rank announced that the VAT and Duties Tribunal had upheld Rank's claim relating to VAT paid on games of interval bingo between 2003 and 2005. The Tribunal determined that the payment of VAT on these games had constituted a contravention of the European Union's law of fiscal neutrality. It is this decision that HMRC has now appealed. \n\nIt is Rank's expectation that the appeal will be considered by the High Court during 2009.\n\nEnquiries\n\nThe Rank Group Plc\nDan Waugh, director of investor relations Tel: 01628 504053\n\nFD\nBen Foster/Marc Cohen\n\nNotes to editors\n\nAbout the Rank Group\nRank is a leading European gaming business, head-quartered in the UK and listed on the London Stock Exchange (RNK.L). The Group's principal activities are: the operation of bingo clubs and casinos in the UK with complementary on-line gaming and bookmaking services. For more information about The Rank Group, visit www.rank.com.\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEAFXFFLKPEFE \n ","length":2740,"tagName":"div"}]