Watchstone Group PLC WTGIL Limited VAT Appeal (2504I)
13 April 2022 - 5:30PM
UK Regulatory
TIDMWTG
RNS Number : 2504I
Watchstone Group PLC
13 April 2022
Watchstone Group plc
WTGIL Limited VAT Appeal
Watchstone Group plc (LON:WTG) ("Watchstone") announces that
following a hearing held in December 2021, it has now been informed
of the decision of the First Tier Tribunal which has found in
favour of HMRC and that Watchstone's subsidiary WTGIL Limited
("WTGIL") did not make any supplies of telematics devices or
related services in the VAT periods 07/2014 to 07/2018.
Accordingly, WTGIL's appeal has been dismissed. WTGIL will consider
the judgment with its advisers and Counsel and decide on the next
steps (if any) including whether to appeal to the Upper Tax
Tribunal.
For further information:
Watchstone Group plc Tel: +44 (0)3333
448048
investor.relations@watchstonegroup.com
Tel: +44 (0)20 7220
WH Ireland LLP, Financial Adviser and Broker 1666
Chris Hardie
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