March 7 British gambling company Sportech Plc
is set to get more than 80 million pounds from Britain's
tax authority after a tribunal found that the company had paid
more value added tax than it should have on its Spot the Ball
game between 1979 and 1996.
As a result of the ruling, Sportech will now begin talks
with Her Majesty's Revenue and Customs (HMRC) over the size of
Sportech said it expects that the sum to be repaid would be
over 40 million pounds ($60.19 million) of overpaid VAT plus
simple interest, which would more than double the total sum to
over 80 million pounds.
HMRC has until April 30 to appeal the ruling but is yet to
confirm whether it intends to do so, Sportech said in a