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Grocers are gaining 400 million pounds in litigation because they have to pay separate ATM ATMs

Grocers are gaining 400 million pounds in litigation because they have to pay separate ATM ATMs

City & Finance reporter for the Daily Mail

Permitted profit: Supermarkets do not have to pay the business separately at ATMs

Permitted profit: Supermarkets do not have to pay the business separately at ATMs

Permitted profit: Supermarkets do not have to pay the business separately at ATMs

Some of the UK's largest supermarkets have won a £ 400m long legal dispute over ATM ATMs.

The appeals court has ruled on a lawsuit filed by Tesco, Sainsbury & Co. and the Cooperative against the Government Assessment Body (VOA).

The decision means that supermarkets will not have to pay for hole-in-the-wall ATMs attached to stores.

The decision paves the way for £ 200 million of recidivist reimbursements for retailers.

The Court of Appeal also denied the VOA's permission to appeal the decision to the Supreme Court, although it may appeal to the court to appeal.

Retailers across the UK and Wales saw a £ 44.5m switch over ATM rates this year and £ 181.3m over the four-year 2017 term rates.

Branches supported by ATM operator Cardtronics Europe have hailed the decision.

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