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William Hill set for £150m windfall over VAT ruling on fixed-odds machines in betting shops

Bookmaker William Hill said it could receive a windfall of up to GBP 150m after the industry won a challenge over sales tax on controversial fixed-odds machines in betting shops.
The company said the government’s Revenue & Customs office had decided not to appeal against a tribunal ruling that found companies had been paying too much value added tax (VAT) on fixed-odds betting terminals (FOBT).

Source: lse.co.uk

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