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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...

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