Rank Group PLC Supreme Court decides in Rank VAT case (4872S)
July 08 2015 - 5:30AM
UK Regulatory
TIDMRNK
RNS Number : 4872S
Rank Group PLC
08 July 2015
8 July 2015
The Rank Group Plc
Supreme Court decides in Rank VAT case
The Rank Group Plc ("Rank or Company"") notes the decision of
the Supreme Court in favour of HM Revenue & Customs ("HMRC")
regarding claims for overpaid VAT on certain types of amusement
machines between 2002 and 2005. Following a Court of Appeal ruling
against the Company in October 2013, Rank repaid GBP25.2m (in May
2014) of the GBP30.7m received in connection with these claims to
HMRC and fully provided for the remainder. As a consequence, the
decision has no impact on Rank's financial performance or balance
sheet strength in the current or future periods.
Rank will announce its results for the year to 30 June 2015 on
the 20(th) August 2015.
Enquiries:
The Rank Group Plc Tel: 01628 504303
Sarah Powell, Director of Treasury & Investor Relations
This information is provided by RNS
The company news service from the London Stock Exchange
END
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