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UK tribunal denies HMRC appeal in VAT dispute with Sportech

3rd June 2013 7:56 am GMT

Shares in UK-listed gaming operator Sportech gained more than 7 per cent in London on Friday after the independent First-tier Tax Tribunal refused permission for Her Majesty's Revenue & Customs to appeal a decision relating to the company’s four-year battle with the UK tax authority.The dispute dates back to April 2009 when Sportech submitted a claim to Her Majesty’s Revenue and Customs (HMRC) for the repayment of more than £40m in overpaid value-added tax (VAT) [...]

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