Day: 21 May 2020

GVC and William Hill to Seek £350M Rebate from FOBT Tax Ruling

Thu 21 May 2020 12.39 Olivia Cole
GVC and William Hill to Seek £350M Rebate from FOBT Tax Ruling

UK’s gambling giants GVC and William Hill have announced they expect to receive repayment of up to £350 million from the Tax Agency following last month’s court ruling in favour of the betting industry. In April, Betfred and the Rank Group won a claim before the Upper Tier Tribunal that they were wrongly charged value-added tax (VAT) on certain gaming machines prior to 2013. In a Wednesday statement, William Hill said that Her Majesty’s Revenue and Customs (HMRC) has decided not to appeal against the ruling. The betting firm now…

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UK Players’ Interest in Online Gambling Sites Jumps, Despite a Decline in Top Gambling Websites’ Traffic in April

Thu 21 May 2020 8.41 Daniel Williams
UK Players’ Interest in Online Gambling Sites Jumps, Despite a Decline in Top Gambling Websites’ Traffic in April

According to reports, search interest in online casinos has reached a record high in the UK since the beginning of the coronavirus lockdown. Google Trends data shows that the shutdown of all physical gambling venues in the country and the cancellation and postponement of all major sports events have led to an increase in online gambling. Such a rapid increase in interest in online gambling has raised fears that vulnerable individuals could be affected by problem gambling. Recently, the industry watchdog – the UK Gambling Commission (UKGC) – confirmed that…

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