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AUG - Augean News Story

118p 0.0  0.0%

Last Trade - 15/10/19

Sector
Industrials
Size
Small Cap
Market Cap £122.8m
Enterprise Value £100.0m
Revenue £95.9m
Position in Universe 927th / 1856

BRIEF-Augean Issues With Notice Of Intended Penalty From HMRC For Augean South For £4.6 Mln

Fri 2nd August, 2019 8:11am
Aug 2 (Reuters) - Augean PLC  AUG.L :
    * ISSUED WITH NOTICE OF INTENDED PENALTY FROM HMRC FOR
AUGEAN
SOUTH FOR £4.6M COVERING PERIOD STARTING 1 JUNE 2013 AND ENDING
30 MAY 2018
    * HMRC INTEND TO ISSUE THE PENALTY ON 30 AUGUST 2019
    * IT WAS ADVISED WITH GROUP'S INTERIM RESULTS ISSUED ON 17
JULY
2019 THAT PENALTIES COULD BE ISSUED
    * WILL CHALLENGE AND APPEAL THE INTENDED PENALTY WITH TAX
TRIBUNAL
EXPECTED IN 2020
    * AUGEAN SAYS CONTINUES TO BELIEVE THAT IT HAS PAID CORRECT
AMOUNT
OF LANDFILL TAX AND THAT HMRC'S ASSESSMENTS AND INTENDED PENALTY
ARE INCORRECT
    * NO FINANCIAL PROVISION WILL BE MADE FOR HMRC'S ASSESSMENTS
OR
INTENDED PENALTY BASED ON LEGAL ADVICE RECEIVED

Source text for Eikon:  ID:nRSB6510Ha 
Further company coverage:  AUG.L 

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