Business Update

RNS Number : 6684J
Rank Group PLC
25 August 2021
 

25 August 2021

The Rank Group Plc
LEI: 213800TXKD6XZWOFTE12

The Rank Group Plc (LSE: RNK) ('Rank' or 'the Group') provides an update on its VAT refund claim

The Group notes the decision by HM Revenue and Customs ('HMRC') that it has decided not to appeal the decision handed down by the First-tier Tribunal on 30 June 2021 regarding VAT paid on slot machine income in the period from April 2006 to January 2013.

The First-tier Tribunal has agreed a 60-day extension to allow HMRC and Rank to agree the exact quantum of the claim which Rank still expects to be c.£80m.

Ends

 

Contacts:

 

Rank

 

Sarah Powell - investor relations

Tel: +44 1628 504 303

 

 

FTI Consulting LLP (PR adviser to Rank)

 

Edward Bridges

Tel: +44 20 3727 1067

Alex Beagley

Tel: +44 20 3727 1045

 

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

 

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