Last minute Treasury appeal against VAT and Duties Tribunal ruling hurts land bingo

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In an update to the story in which gaming giant Rank persuaded the VAT and Duties Tribunal that Her Majesty's Revenue & Custom's practice of charging VAT on interval bingo games was against European law, the Treasury is being accused of delaying tactics over the case.

The previous ruling in favour of Rank's argument against VAT on some versions of interval bingo was related to the games played during intervals between sessions of a main stage land bingo game (also known as mechanized cash bingo, or cashline).

Rank successfully argued that the charging of VAT on some versions of interval bingo was in breach of the current European principle of fiscal neutrality. If upheld, the ruling could translate into a possible £100 million windfall for bingo operators.

However, the Treasury delayed an appeal against the ruling till the last moment, thus prolonging the case at a time when land bingo operators need all the breaks they can get.

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This page contains a single entry by admin published on July 22, 2008 5:24 AM.

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