Watchstone Group PLC WTGIL Limited VAT Appeal (2504I)

TIDMWTG

RNS Number : 2504I

Watchstone Group PLC

13 April 2022

Watchstone Group plc

WTGIL Limited VAT Appeal

Watchstone Group plc (LON:WTG) ("Watchstone") announces that following a hearing held in December 2021, it has now been informed of the decision of the First Tier Tribunal which has found in favour of HMRC and that Watchstone's subsidiary WTGIL Limited ("WTGIL") did not make any supplies of telematics devices or related services in the VAT periods 07/2014 to 07/2018. Accordingly, WTGIL's appeal has been dismissed. WTGIL will consider the judgment with its advisers and Counsel and decide on the next steps (if any) including whether to appeal to the Upper Tax Tribunal.

For further information:

 
 Watchstone Group plc                            Tel: [phone] 
                                                  448048 
 [e-mail] 
 
                                                   Tel: [phone] 
  WH Ireland LLP, Financial Adviser and Broker            1666 
 Chris Hardie 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NEXFIFFDSDIVLIF

(END) Dow Jones Newswires

April 13, 2022 03:30 ET (07:30 GMT)