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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Augean Plc | LSE:AUG | London | Ordinary Share | GB00B02H2F76 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 371.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAUG
RNS Number : 4418H
Augean Plc
31 July 2019
Augean plc
("Augean" or "the Group")
Augean North HMRC Assessment Notification
Augean, one of the UK's leading specialist waste management businesses, has been issued with a final assessment from HMRC for Augean North Limited for a total amount of landfill tax of GBP2.9m (GBP3.1m including interest) covering the period ending 31 October 2017 through to 30 April 2018.
This assessment was anticipated and advised with Group Interim Results issued on 17 July. The value is as expected. The Group will appeal the assessment with the tax tribunal expected in 2020. The Group continues to believe, based on legal advice, that it has paid the correct amount of landfill tax and that HMRC's assessments are incorrect. No financial provision will be made for HMRC's assessments based on legal advice received. HMRC is considering whether penalties may be appropriate and there may be other final assessments for other time periods for both Augean North and Augean South.
- Ends -
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation.
Enquiries:
Augean plc Jim Meredith, Executive Chairman Mark Fryer, Group Finance Director 01937 844 980 N+1 Singer Shaun Dobson Jen Boorer 0207 496 3000
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 rns@lseg.com or visit www.rns.com.
END
MSCWGUBCMUPBGAG
(END) Dow Jones Newswires
July 31, 2019 12:00 ET (16:00 GMT)
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