25 August 2021
The Rank Group Plc
LEI: 213800TXKD6XZWOFTE12
The Rank Group Plc (LSE: RNK) ('Rank' or 'the Group') provides an update on its VAT refund claim
The Group notes the decision by HM Revenue and Customs ('HMRC') that it has decided not to appeal the decision handed down by the First-tier Tribunal on 30 June 2021 regarding VAT paid on slot machine income in the period from April 2006 to January 2013.
The First-tier Tribunal has agreed a 60-day extension to allow HMRC and Rank to agree the exact quantum of the claim which Rank still expects to be c.£80m.
Ends
| Contacts: |
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| Rank |
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| Sarah Powell - investor relations | Tel: +44 1628 504 303 |
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| FTI Consulting LLP (PR adviser to Rank) |
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| Edward Bridges | Tel: +44 20 3727 1067 |
| Alex Beagley | Tel: +44 20 3727 1045 |
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