Here’s on appeal case we’ll all be hoping gets thrown out for the good of the industry. In a statement the Rank Group has said the HMRC will appeal against the VAT and Duties Tribunal ruling that would give the company a £36 million VAT rebate.
It’s not expected the appeal will be held until 2009 at the earliest, which isn’t good news for the company, or any other Bingo operator hoping to claim back what could be years worth of wrongly collected VAT. According to Rank’s statement, it’s expecting the case to go to the High Court next year, which in itself could be a big cost if the company losses alongside the fact it could do with these excess revenues during these turbulent times. If the VAT and Duties Tribunal agreed, I can’t see why a High Court judge would want to turn over their considered and expert opinion. Good luck to Mecca Bingo on this one I say.