Two decisions for Rank overruled
The Supreme Court of the UK has dismissed a claim by the Rank Group that it overpaid its value added taxes by about £30 million between 2002 and 2005, according to reports.
The case concerned multi-terminal machines, which the company said should not be classed as gaming machines, reported the UK Financial Director. The company argued that because the random number generator was not part of any single terminal and the element of chance was not provided by the machine containing the slot, the machines should not be subject to the tax.
The upper-tier tribunal and the High Court previously ruled in Rank’s favor. But those decisions were overturned by an appeals court.
According to a release from the Rank Group, the company overpaid VAT on Grosvenor Casino and Mecca Bingo gaming machine duties during the three-year period in question.
