Linneweber fall-out

Linneweber fall-out

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Clubs who received a VAT refund in 2010/11 following the Rank case (gaming machines ) have now been issued with demands for repayment with interest. Wise Clubs have put aside this refund as they were told this may have to be repaid. Unwise ones are in trouble. The amount of interest is quite alarming..... one clent has £1170 on repayment of £7385. How are members dealing with this.. has anyone been able to agree a payment schedule with HMRC?

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By alan.rolfe
16th May 2014 10:25

Rank may take it further

I understand that Rank Group may yet make a further appeal, so there could be more developments in due course, but given the interest position it is probably wise to repay the refund as soon as practicable.

 

We have lodged a request for the interest to be reviewed for one club, as the amount charged covers periods where Revenue delay may be in point, but we are still awaiting a response on this.

 

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