Retailers Wait Goes On For £382 Million “Tax On Cash” Rebates As Government Agency Petitions Supreme Court
The number of cash machines liable for business rates tax in England and Wales surged from 3,140 in 2010 to 15,422 this year according Altus Group, as extra bills were sent to thousands of retailers in 2014, backdated to April 2010.
Altus Group says that this year business rates from separate bills for cash machines raised £44.54 million in tax in England and Wales and that the Court of Appeal ruling would have resulted in tax rebates worth £382 million going back as far as 1st April 2010.
East Midlands £28.93m
North East £18.32m
North West £51.75m
South East £53.65m
South West £30.84m
West Midlands £40.38m
Robert Hayton, Head of Property Tax at Altus Group, said he “wasn’t surprised” that leave to appeal was being sought saying “given two tax tribunals took a very different view and the Court of Appeal ruling would have massive implications for Councils on their Budgets which fund local services, sadly, it was inevitable and understandable although hugely disappointing for the embattled retail sector.”