Broadway Gaming Ltd v HMRC [2022] UKFTT 120 (TC) (4 April 2022) concerned whether a provider of online gaming services was entitled to treat ‘freeplays’ (free play credits) awarded to customers as expenditure on prizes for purposes of calculating profits subject to remote gaming duty. The FTT allowed the appeal in part to the extent that the freeplays were winnings and credited to the players’ account (and capable of withdrawal). However the appeal was dismissed in that the actual claim for repayment in this case was not admitted. Read the decision.
In A SCPI v Finland (Case C-342/20) (7 April 2022) the CJEU held that the EU principle of free movement of capital precluded Finnish legislation that denied foreign investment funds that were not established by contract a tax exemption that was available to comparable Finnish funds. Read the decision.
InMead Johnson Nutrition...
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Broadway Gaming Ltd v HMRC [2022] UKFTT 120 (TC) (4 April 2022) concerned whether a provider of online gaming services was entitled to treat ‘freeplays’ (free play credits) awarded to customers as expenditure on prizes for purposes of calculating profits subject to remote gaming duty. The FTT allowed the appeal in part to the extent that the freeplays were winnings and credited to the players’ account (and capable of withdrawal). However the appeal was dismissed in that the actual claim for repayment in this case was not admitted. Read the decision.
In A SCPI v Finland (Case C-342/20) (7 April 2022) the CJEU held that the EU principle of free movement of capital precluded Finnish legislation that denied foreign investment funds that were not established by contract a tax exemption that was available to comparable Finnish funds. Read the decision.
InMead Johnson Nutrition...
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