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Rank Group to fight Court of Appeal decision in VAT case

31st October 2013 6:46 am GMT

UK-listed gaming operator Rank Group has applied for leave to launch an appeal in the UK’s Supreme Court after the Court of Appeal ruled yesterday in favour of Her Majesty’s Revenue & Customs (HMRC) in a dispute regarding the overpayment of VAT on gaming machines.

Rank received £30.8m from HMRC in May 2010 in compensation for overpaid VAT on certain types of Section 31 and 34 gaming machines in its Mecca Bingo clubs and Grosvenor [...]

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