Retailers cheer legal win on cash machines
Some of Britain’s biggest supermarkets have won a long-running £400 million legal dispute over business rates paid on cash machines.
The Court of Appeal has ruled in favour of a case brought against the Government’s Valuation Office Agency (VOA) by retail giants including Tesco, Sainsbury’s and the Cooperative Group, which means they will not have to pay business rates separately on “hole in the wall” cash machines attached to shops.
The decision paves the way for £200 million of backdated rates refunds to retailers and spares them relief over multimillion-pound future tax bills. The Court of Appeal has also refused the VOA leave to appeal the decision to the Supreme Court, although it can petition the court to hear an appeal.
Retailers had been facing a mammoth £44.5 million bill for ATM rates this year across England and Wales according to real estate adviser Altus. It came 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.