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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tower Resources Plc | LSE:TRP | London | Ordinary Share | GB00BZ6D6J81 | ORD GBP0.00001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.02 | 0.019 | 0.021 | 0.02 | 0.02 | 0.02 | 37,025,014 | 08:00:19 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 0 | -1.01M | -0.0001 | -2.00 | 1.69M |
From Apr 2019 to Apr 2024
TIDMTRP
RNS Number : 8576E
Tower Resources PLC
09 July 2019
9 July 2019
Tower Resources plc
VAT Tribunal Update
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed oil and gas company with its focus on Africa, is pleased to announce that the First-Tier Tribunal (Tax Chamber) has on 8th July 2019 delivered its decision to allow the Company's appeal against HMRC's 2016 decisions to deny it credit for input VAT.
This decision is subject to possible further appeal by HMRC to the Upper Tribunal. If HMRC chooses to make such an appeal, then it must do so within 56 days of the delivery of the First-Tier Tribunal's decision. Any such appeal must be based on an error of law. The findings of fact made by the First-Tier Tribunal are final.
The Company has fully provided for assessments previously issued by HMRC in the Company's accounts, up to and including its accounts for year ended 31(st) December 2018.
The Company will announce further developments as they arise.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
Contacts
Hot Features
Premium
Tower Resources plc +44 20 7157 9625
info@towerresources.co.uk
Jeremy Asher
Chairman and CEO
Andrew Matharu
VP - Corporate Affairs
SP Angel Corporate
Finance LLP
Nominated Adviser
and Joint Broker +44 20 3470 0470
Stuart Gledhill
Caroline Rowe
Whitman Howard Limited
Joint Broker
Nick Lovering +44 20 7659 1234
Turner Pope Investments
(TPI) Limited
Joint Broker
Andy Thacker +44 20 3657 0050
Yellow Jersey PR Limited +44 20 3735 8825
Investor Relations tower@yellowjerseypr.com
Tim Thompson
Henry Wilkinson
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
MSCUGUMWMUPBGQR
(END) Dow Jones Newswires
July 09, 2019 04:28 ET (08:28 GMT)
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