Sportech PLC has issued a statement announcing that its ongoing appeal against VAT repayment on its ‘Spot the Ball’ competition, will be held on the 2 November of this year. In September 2014, The Football pools, betting and racing operator had been ordered to pay back a £93 million (€115 million) tax rebate after the HM Revenue & Customs (HMRC) …
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UK Court of Appeal grants Sportech Plc right to challenge VAT repayment
Sportech PLC today announced that it had been granted permission by the UK Court of Appeal in relation to its VAT repayment claim regarding its “Spot the Ball” competition. Sportech is set to further challenge the UK tax authorities relating to tax claims worth more than £90 million. The company issued a short corporate statement this morning stating that a …
Read More »Sportech to appeal return of £93m tax rebate
The long running tax battle between Football Pools operator Sportech plc and Her Majesty’s Revenue & Customs (HMRC) is set to continue after Sportech announced that it has lodged an application for permission from the Upper Tribunal (Tax and Chancery Chamber) to appeal to the Court of Appeal in relation to the VAT repayment claim on the ‘Spot the Ball’ …
Read More »Sportech hit by £93 million tax rebate reverse
Football pools, betting and horse racing operator Sportech has been ordered to pay back a £93 million (€115 million) tax rebate after the HM Revenue & Customs (HMRC) won its appeal against a VAT overpayment claim made by the operator. The rebate ruling, relates to Sportech overpayments claimed on “Spot the Ball” competition operated by Sportech subsidiary brand Littlewoods Pools …
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