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Bingo Operators Warned about VAT returns |
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Written by Jayne Wilson
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Friday, 30 April 2010 17:20 |
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Most UK land based bingo operators have successfully received their VAT reclaims stretching back six years with the industry receiving over £80 million in rebates. Operators have been warned however that the government are not going down without a fight and are clinging on to the hope that the European Court of Appeal will still overturn the decision made from the high court.
Although it is thought the bingo industry is home and dry with many operators already spending the cash as they make further claims against the revenue and customs, bingo operators should remain mindful that a decision against them that is expected early next year would force operators to pay the money back with interest.
BingoSupermarket will update the events as they unfold.
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