- Betclic is challenging the application of VAT to sportsbook income in France, arguing it violates EU law and that such transactions should be VAT-exempt.
- The dispute is ongoing with the French tax authority (DGFiP), and Betclic’s position is supported by the industry association AFJEL and has been presented to the European Commission.
- The European Commission is considering infringement proceedings against France, and the case may be referred to the Court of Justice of the European Union (CJEU) if domestic remedies fail.
- Banijay has provisioned for the full VAT exposure, recording VAT payments as recoverable receivables, so the dispute does not impact liquidity or ongoing operations.
- Banijay remains confident that its VAT position aligns with European law and fiscal fairness principles.
Source: sbcnews.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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