It’s not often that someone wins against the taxman. Tax collectors are notorious for almost always making sure they cross all their t’s and dot all their i’s. This case wouldn’t prove to be the exception, either.First, it’s necessary to paint the background. A 2008 tax loophole was in place that allowed corporations to take a tax write off in relation to loans between it and a third party. The loophole was closed the same, leading to a number of businesses being forced to settle their tax accounts. In 2015, Ladbrokes Coral was one of the businesses, and begrudgingly paid its outstanding tax debt of £71 million (US$100 million). After making the payment, the large UK sportsbook appealed the decision to the Upper Tribunal of the Tax and Chancery Chamber (UTTCC).