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.
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For further information please contact:
Park Group plc
Arden Partners plc
Martin Stewart / Chris Houghton
Fred Walsh / Matthew Armitt
John West / Paul Young
Tel: 0151 653 1700
Tel: 020 7614 5917
Tel: 020 7920 3150
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