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VAT Update - Bingo and Gaming Machines!
HMRC has accepted that VAT is not due on participation fees for MCB and will not be pursuing the repayment of any claims already paid. Clients who operate MCB and who have not made a claim should now consider doing so for the period up to and including the 26 April 2009. The four year cap on claims will apply and therefore claims should be made as soon as possible.
As regards Gaming Machines, the issue remains largely unresolved. HMRC has confirmed that in their view the issue concerning the differing VAT treatment of Gaming Machine takings is not finally determined and that they will be considering all Appeals further in the light of the CJEUs' decision. However, and following the success of Appeals in two recent UK cases, clients may wish to lodge "protective" claims for VAT paid on gaming machine takings in at least the last 4 years.
For further advice and information contact our VAT Specialist Adviser, David Pegg, on 01392 288 555 or email David at david.pegg@thomaswestcott.co.uk.
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Thomas Westcott always go ‘above and beyond’. They not only offered support managing my accounts, but were able to advise on the development of my small business and even help family members with financial investments.
