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Ladbrokes Boosted by £80m UK Tax Settlement

21st April 2010 8:52 am GMT

In a boost to the company's balance sheet which remains heavily laden with net debts of over £690 million, UK bookmaker Ladbrokes plc said Wednesday that it expects to receive a cash receipt of approximately £80 million in respect of corporation tax repayable from HM Revenue and Customs (HMRC).

After reaching a settlement with HMRC, Ladbrokes said that the cash receipt of £80 million covers substantially all outstanding items in respect of tax years through to [...]

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