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Sportech shares plunge on HMRC appeal

14th June 2013 9:56 am GMT

Britain's Sportech plc saw its share price drop by more than 10 per cent Thursday after the company reported that the UK tax authority had won the right to appeal a value-added-tax repayment claim.

The company has been in dispute with Her Majesty's Revenue & Customs (HMRC) since 2009 when it filed a £40m repayment claim for overpaid VAT relating to its 'Spot the Ball' game between 1979 and 1996.The repayment claim [...]

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