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Rank Group Loses VAT Tax Case in Supreme Court

Betting firm Rank Group plc has lost their VAT tax appeal in the Supreme Court by Her Majesty's Revenue & Customs over an overpaid claim on amusement machines between 2001-2005.

The company paid £25.2 million in 2014 after a Court of Appeal Ruling originally ruled against Rank, of the £30.7 million received in connection with the case.

The case will have no impact on Rank's bottom line due to moves made by the company to pad their bottom line should they have lost the case.

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