Park Regulatory News (PKG)



Regulatory News for Park (PKG)


Share Price: 54.25Bid: 54.00Ask: 54.50Change: 0.00 (0.00%)No Movement on Park Grp.
Spread: 0.50Spread as %: 0.93%Open: 54.25High: 55.00Low: 54.25Yesterday’s Close: 54.25





HMRC Settlement

Mon, 16th Aug 2010 07:00

RNS Number : 0863R
Park Group PLC
16 August 2010
 

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Embargoed 7:00 a.m. 16 August 2010

 

Park Group plc

("Park" or "the Group")

Fleming Claim Treatment of Commissions paid to Agents

 

Park Group plc (AIM: PKG.L) has received an amount of £1,891,242 from HMRC in settlement of a 'Fleming' claim in respect of an over declaration of output tax arising from the VAT accounting treatment of commissions paid to agents.  The claim covered the period 1978 to 1996.

 

In addition, Park expects to receive a further amount in respect of statutory interest due in respect of this claim, estimated in the region of £2.5m.

 

 It is expected that there will be professional costs payable in respect of this claim in the region of £0.35m.

 

- ends -

 

For further information please contact:

 

Park Group plc

Arden Partners plc

Tavistock Communications

Martin Stewart / Chris Houghton

Fred Walsh / Matthew Armitt

John West / Paul Young

Tel: 0151 653 1700

Tel: 020 7614 5917

Tel:  020 7920 3150

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEAKPDFEAEEFF


Related Shares: Park Group (PKG).




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