Retailers await ruling on ATM tax
SOME of Britain’s biggest supermarkets will find out today if they have been successful in a long-running near-£400 million legal dispute over business rates paid on cash machines.
The Court of Appeal is set to hand down its judgment in a case brought against the Government by retail giants including Tesco, Sainsbury’s and the Co-operative Group, supported by independent cash machine operator Cardtronics Europe.
They are appealing after a ruling last year upheld a decision in 2013 that cash machines built into the front of a shop or petrol station should have a separate business rates bill.
It dashed retailer hopes of clawing back £200 million in rebates for past rates paid, while they are also facing a mammoth £181 million bill for the following four years under the recent revaluation.
The legal decision sparked fears that small shops and independent petrol forecourts may be forced to close ATMs or start charging for cash withdrawals.
It comes as access to cash dispensers has been dwindling.