Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

VATS are Coming Back

Some online casinos and gambling companies are eligible for some major incentives when it comes to receiving back VAT taxes from the UK government according to a recent court ruling. The VAT taxes are imposed by the UK government and according to the interim ruling by the UK courts Rank Group plc, which operates gaming machines, land and online casinos, and other internet gambling related businesses, will receive payment on the VAT taxes that were unfairly taken over the past several years.

The government will now issue a refund to the online casino gambling group and according to recent reports that amount could be very high. VAT is the Value Added Tax that is added to certain types of land and online casino gambling in the UK. The recent issue comes from the fact that the VAT tax was taken on Rank gambling machines that were actually exempt from the VAT taxes because of EU rules. The EU has in place very precise laws and rules concerning fiscal neutrality –some VAT taxes on the Rank online casino gambling group violated this neutrality rule.

The decision is not lasting at this point and is instead considered an interim decision, which means that the case will still likely go before the European Court of Justice for further discussion and to ensure that the law is being properly implemented. With the slump in the UK land and online casino gambling industry though Rank is undoubtedly hoping that the ECJ rules in the company’s favor.