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William Hill and GVC expected to claim back £350m in FOBT tax

Tax tribunal last month found gambling firms had been overcharged VAT on machines William Hill and GVC are expected to reclaim up to £350m from HMRC after bookmakers and casinos won a £1bn legal battle over tax paid on fixed-odds betting terminals (FOBTs). A ruling by the upper tax tribunal last month found that gambling companies had been overcharged VAT on the machines for at least eight years. Continue reading... shares this Contents with License.

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