Augean Plc Update re: Augean North HMRC Assessment (6392E)
19 October 2018 - 10:36PM
UK Regulatory
TIDMAUG
RNS Number : 6392E
Augean Plc
19 October 2018
Augean plc
("Augean" or "the Group")
Update re: Augean North HMRC Assessment
Augean, one of the UK's leading specialist waste management
businesses has been re-issued with a final assessment from HMRC for
Augean North Ltd for a total amount of GBP1.1million (GBP1.3million
including interest) covering the period from August 2013 to July
2014. This compares to the previously assessed amount of
GBP2.8million. This re-assessment is in addition to the GBP9.4m
final assessment for Augean North announced on October 8(th) 2018
which covers the time period from August 2014 to August 2017.
We still believe that this assessment is without merit and
maintain our position based on the legal advice received and
independent reviews of our systems.
The Group will take all appropriate legal channels to challenge
the assessment received and seek to mitigate payment of the tax
until these legal appeals have concluded.
The reduction in this Augean North re-assessment should not be
used to read across to the other quarters that were included in the
announcement of October 8(th) , notably the period from August 2014
to August 2017.
- Ends -
Enquiries:
Augean plc
Jim Meredith, Executive Chairman
Mark Fryer, Group Finance Director 01937 844 980
N+1 Singer
Shaun Dobson
Jen Boorer 020 7496 3000
This information is provided by RNS, the news service of the
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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