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Paddy Power Betfair warns of potential €55m tax liability

14th February 2019 10:00 am GMT

Gaming operator Paddy Power Betfair has announced a €15m payment to the Greek tax authority relating to three years of operations in the market, and a €40m tax assessment in Germany, both of which the company contests.

The company said Wednesday that it paid €15m in taxes, penalties and interest in January 2019 to Greek authorities relating to paddypower.com's Greek interim licence and operations in 2012, 2013 and 2014.

The Greek tax assessment concluded that the company [...]

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