Updating the market betting technology provider Sportech Plc has announced that Her Majesty’s Revenue & Customs (HMRC) have applied to the Supreme Court for further permission to appeal its rescinded £97 million VAT repayment claim.
The move by HMRC, follows last month’s decision by the UK Court of Appeal to rule in favour of Sportech Plc regarding its ongoing ‘Spot the Ball’ competition tax repayment claim.
The seven-year tax reclaim battle between Sportech and HMRC is valued at £97 million, from its original dispute of £40 million paid by the company on its ‘Spot the Ball’ competition winnings between 1979 and 1996.
Following last month’s ruling by the UK Court of Appeal in favour of Sportech’s case, the firm stated that it was positive that it had finally cleared the VAT repayment matter.
Issuing a corporate statement, Sportech governance stated that it would move to file a new notice of objection regarding HMRC’s appeal with the Supreme Court.
Further updating the market on ongoing claim proceedings, Sportech governance detailed that it expects to hear by this autumn whether HMRC has been granted the right to appeal to the Supreme Court
Source: SBC News
