Update - VAT repayment claim

RNS Number : 0618U

Sportech PLC

13 October 2014

 



13 October 2014                                                                         

Sportech PLC ("Sportech")

Update - VAT repayment claim

Sportech announces that it has lodged an application for permission from the Upper Tribunal (Tax and Chancery Chamber) to appeal to the Court of Appeal in relation to the VAT repayment claim on the "Spot the Ball" game.

- 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 and Tom Williams

[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 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 last month that the Upper Tribunal had ruled in HMRC's favour.

 

END

 

 

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