M&A

1 articles tagged "M&A".

• HMRC VAT ruling threatens 25–35% margin squeeze for UK prize draw operators

  HMRC has confirmed that paid entries to prize draws are subject to 20% VAT, potentially slashing operator gross margins by 25–35% and exposing businesses to retrospective tax bills, prompting industry calls for clarity and self-regulation via the new Prize Competition Council.

  2026-07-27RegulationUKPrize DrawTaxVATM&A