{"id":46226,"date":"2021-07-12T08:23:25","date_gmt":"2021-07-12T08:23:25","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=46226"},"modified":"2021-07-12T08:23:25","modified_gmt":"2021-07-12T08:23:25","slug":"gambling-firms-receive-vat-refunds-of-over-500-million","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/gambling-firms-receive-vat-refunds-of-over-500-million\/","title":{"rendered":"Gambling Firms Receive VAT Refunds Of Over \u00a3500 million"},"content":{"rendered":"
\"\"

VAT refunds from FOBTs<\/p><\/div>\n

Following last year\u2019s decision by the high court case on tax refund for UK bookmakers being over-taxed on their fixed odds betting terminals (FOBTs) all operators have been confirmed that they have been repaid by Revenues & Customs.<\/p>\n

According to official documents gained by the Mail Newspaper it shows that William Hill has received a refund of \u00a3208 million, Entain that operates both Coral and Ladbrokes betting shops receives \u00a3217.5 million, Paddy Power owned by Entain has been refunded \u00a315.9 million, Betfred received \u00a397.7 million and Rank Group who operate Grosvenor Casinos and Mecca Bingo got back \u00a380 million.<\/p>\n

It started back when both Betfred and Rank Group launched an appeal in the Tax Tribunal stating that FOBTs were classed the same a roulette wheels and should not be charged VAT on takings to 2013 till 2018 when curbs on the amount gambled saw stakes plummet to now \u00a32.<\/p>\n

For some like Rank Group who have suffered greatly during the COVID-19 pandemic the return of the VAT is a welcome source of revenue given the past 18 months.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following last year\u2019s decision by the high court case on tax refund for UK bookmakers being over-taxed on their fixed odds betting terminals (FOBTs) all operators have been confirmed that they have been repaid by Revenues & Customs. According to official documents gained by the Mail Newspaper it shows that William Hill has received a […]<\/p>\n","protected":false},"author":5,"featured_media":46227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2,11,8],"tags":[],"class_list":["post-46226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe","category-gaming","category-headlines","category-latest"],"yoast_head":"\nGambling Firms Receive VAT Refunds Of Over \u00a3500 million - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/gambling-firms-receive-vat-refunds-of-over-500-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gambling Firms Receive VAT Refunds Of Over \u00a3500 million - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"Following last year\u2019s decision by the high court case on tax refund for UK bookmakers being over-taxed on their fixed odds betting terminals (FOBTs) all operators have been confirmed that they have been repaid by Revenues & Customs. According to official documents gained by the Mail Newspaper it shows that William Hill has received a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gaming-awards.com\/NEWS\/gambling-firms-receive-vat-refunds-of-over-500-million\/\" \/>\n<meta property=\"og:site_name\" content=\"iGaming Post\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-12T08:23:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2021\/07\/Refund.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Debbie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:site\" content=\"@igamingpost\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Debbie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/gambling-firms-receive-vat-refunds-of-over-500-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/gambling-firms-receive-vat-refunds-of-over-500-million\\\/\"},\"author\":{\"name\":\"Debbie\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#\\\/schema\\\/person\\\/ec908169f7d4e72f9d6188460253f623\"},\"headline\":\"Gambling Firms Receive VAT Refunds Of Over \u00a3500 million\",\"datePublished\":\"2021-07-12T08:23:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/gambling-firms-receive-vat-refunds-of-over-500-million\\\/\"},\"wordCount\":189,\"publisher\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/gambling-firms-receive-vat-refunds-of-over-500-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/Refund.jpeg\",\"articleSection\":[\"Europe\",\"Gaming\",\"Headlines\",\"Latest\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/gambling-firms-receive-vat-refunds-of-over-500-million\\\/\",\"url\":\"https:\\\/\\\/gaming-awards.com\\\/NEWS\\\/gambling-firms-receive-vat-refunds-of-over-500-million\\\/\",\"name\":\"Gambling Firms Receive VAT Refunds Of Over \u00a3500 million - 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