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VAT Claim heard at the First Tier Tax Tribunal

11th Oct 2012 07:00

RNS Number : 4369O
Sportech PLC
11 October 2012
 



 

 

Sportech PLC ("Sportech" or "The Company" or "The Group")

VAT Claim heard at the First Tier Tax Tribunal

 

Sportech announces that the VAT claim, submitted by the Group in respect of Spot the Ball, has been heard at the First Tier Tax Tribunal. The hearing commenced on Monday 8 October 2012 and closed yesterday, Wednesday 10 October 2012.

 

Sportech has been advised that it should expect to be notified of the Tribunal's decision by the end of January 2013.

 

The VAT claim is for a repayment of VAT in excess of £40m (which could exceed £80m with simple interest applied).

 

 

- ends -

 

 

For further information, please contact:

Sportech PLC

020 7268 2400

Ian R Penrose, Chief Executive

Pelham Bell Pottinger

020 7268 2400

David Rydell / Emma Kent

020 7861 3232

 

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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