- Supreme Court—no gaming duty on non-negotiable chips (HMRC v London Clubs Management Ltd)
- What are the practical implications of the judgment?
- What was the background?
- What did the Supreme Court decide?
- First and second issues
- Third issue
- Case details
Tax analysis: The Supreme Court has ruled that casino operators do not have to pay gaming duty on bets placed by gamblers using non-negotiable gaming chips or free bet vouchers (non-negs) which they have been given free of charge by the casino operators. The court concluded that non-negs should not be taken into account as part of the banker’s profits, within the meaning of section 11(10) of the Finance Act 1997 (FA 1997), since they were not stakes which had been staked with the banker and did not have any value in money or money’s worth. Nicholas Gardner, partner at Ashurst, who acted for the respondent in this case, examines the decision.
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