VAT on Gaming Machines – What were the HRMC’s Disputes?
Saida May 26, 2020 14:10:07
VAT as we know is the tax levied on the product’s every stage of the supply chain. That may start from the raw materials and reach the final purchase. We are used to paying VAT tax on most of the products around us. And the gambling industry here is not an exception. Therefore, taxpayers should also pay the VAT on gaming machines. A variety of online gambling sites, like the Betway Sportsbook, only increases the importance of VAT in the gambling industry. Therefore, more and more countries are making modifications in their legislation regarding gaming machines. For instance, Belgium removed the VAT exemption for online gambling in 2016.
