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Rank to get tax rebate of over £80m from HMRC


The owner of Mecca Bingo and Grosvenor Casinos says it is due a £77.5m refund after winning a legal battle with HMRC over VAT on fixed-odds betting terminals. Rank Group said it had reached agreement with HMRC on the details of its claim, which dates back to tax paid from April 2006 to January 2013. It will also receive compensation for interest lost, which it expects to be around £5.5m.

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