Industry still reeling from government’s cut in maximum FOBT stake from £100 to £2
Bookmakers are in line for a £1bn tax rebate after a court ruled they were wrongly charged VAT on revenue from controversial fixed-odds betting terminals (FOBTs).
The finding, in a case brought against HM Revenue & Customs by the high-street bookmaker Betfred, will be seen as a major victory for an industry reeling from the government’s decision earlier this year to slash the maximum bet on FOBTs from £100 to £2.
Related: Fixed-odds betting terminal curb delay is reprehensible, say MPs
Related: Culture secretary deserves credit for cutting maximum FOBT stake to £2 | Nils Pratley
Continue reading...from Top stories | The Guardian https://ift.tt/2AdIbc4
Post a Comment Blogger Facebook