Sportech Granted Right to Appeal

RNS Number : 0028C

Sportech PLC

13 January 2015

 



13 January 2015                                                                         

Sportech PLC ("Sportech")

Update - VAT repayment claim - Sportech Granted Right to Appeal

Sportech confirms that it has been granted permission to appeal to the Court of Appeal in relation to the VAT repayment claim on the "Spot the Ball" game.

The hearing is expected to take place later this year. We will update shareholders once the date is confirmed.

- ENDS -

For further information, please contact:

Sportech PLC                                                                                              020 7268 2400

Ian R Penrose, Chief Executive

Cliff Baty, Chief Financial Officer

Investec Bank Ltd                                                                                        020 7597 5970

Patrick Robb

Henry Reast

Peel Hunt LLP                                                                                              020 7418 8900

Dan Webster

Richard Brown

Brunswick Group LLP                                                                                 020 7404 5959

Mike Smith

[e-mail]

Notes

The Claim, which was first submitted in 2009, was heard by the First-tier Tribunal's Tax Chamber ("FTT") in October 2012.  In March 2013, it was announced that the FTT had found in Sportech's favour. Following the FTT's rejection of HMRC's subsequent application for leave to appeal to the Upper Tribunal (Tax and Chancery Chamber) ("UT"), HMRC then applied directly to the UT which granted such permission. The Claim was heard by the UT in April and May of 2014 and it was announced in September that the Upper Tribunal had ruled in HMRC's favour.

 

END

 

 

MSCLIFVTLDIVLIE