Brief: Awilco Says Wilhunter Was Unsuccessful In Its Appeal To Tribunal Against Assessment To UK Corporation Tax OF £6.8 Mln

Awilco Drilling

21/07/2021 19:37

July 21 (Reuters) - Awilco Drilling PLC  AWDR.OL :
    * FIRST-TIER TRIBUNAL JUDGEMENT IN WILHUNTER (UK) LTD. TAX
CASE
    * WILHUNTER HAS BEEN UNSUCCESSFUL IN ITS APPEAL TO
FIRST-TIER
TRIBUNAL AGAINST ASSESSMENT TO UK CORPORATION TAX OF £6.8
MILLION
    * AWILCO DRILLING- WILHUNTER (UK) LIMITED BELIEVES THERE ARE
PROCEDURAL AND SUBSTANTIVE GROUNDS FOR CHALLENGING DECISION MADE
BY FIRST-TIER TRIBUNAL
    * WILHUNTER (UK) LIMITED WILL BE LIABLE TO PAY DISPUTED TAX
TO
HMRC PENDING ANY FURTHER DECISION IN APPEAL PROCEEDINGS
    * WILHUNTER (UK) LIMITED WILL BE MAKING AN APPLICATION TO
TRIBUNAL
FOR DECISION TO BE SET ASIDE AND RE-MADE
    * AWILCO DRILLING - SUBJECT TO OUTCOME OF APPLICATION,
WILHUNTER
(UK) LIMITED WILL ALSO CONSIDER APPLYING FOR PERMISSION TO
APPEAL TO UPPER TRIBUNAL

Source text for Eikon:  ID:nGNE7k8Cr5 
Further company coverage:  AWDR.OL 

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