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Sportech PLC Announces Update on Claim for VAT Repayment


Tuesday, 29 Jan 2013 02:00am EST 

Sportech PLC announced that following the announcement on 11 October 2012 in respect of the above claim, the Company has been informed by the First Tier Tax Tribunal (the Tribunal) that it is likely to be notified of the Tribunal's decision in February 2013, rather than the end of January 2013, as previously expected. The claim is for a repayment of VAT in excess of £40 million (which could exceed £80 million with simple interest applied) for its Spot the Ball game for the period 1979 to 1996. 

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11:35am EDT