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Rank Group says court verdict in VAT case to have no impact on financials

Rank Group Plc :

* Notes decision of supreme court in favour of HM Revenue & Customs regarding claims for overpaid VAT on certain types of amusement machines between 2002 and 2005

* Repaid 25.2 mln stg (in May 2014) of 30.7 mln stg received in connection with these claims to HMRC and fully provided for the remainder

* Decision has no impact on Rank’s financial performance or balance sheet strength in current or future periods

Source Reuters


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