William Hill and GVC expected to claim back £350m in FOBT tax Rob Davies, The Guardian · May 21, 2020 at 7:47 am William Hill and GVC are expected to reclaim up to £350m from HMRC after bookmakers and casinos won a £1bn legal battle over tax paid on fixed-odds betting terminals (FOBTs). A ruling by the upper tax tribunal last month found that gambling companies had been overcharged VAT on the machines for at least eight years. In a statement to the stock market, William Hill said HMRC had confirmed it would not be appealing the ruling, clearing the bookmaker to submit a claim for a rebate likely to be worth between £125m and £150m. “As a result of this announcement, we will now engage with HMRC to agree the support for, quantum and timing of the refund,” it said.
