Rank gets £42.5m back from HMRC

21st May 2010 16:30

Casino and bingo hall operator Rank Group has received £42.5m in overpaid VAT from Her Majesty's Revenue and Customs but HMRC is still appealing the case. The repayment relates to £16.1m overpaid on games of bingo between 2004 and 2009 and £26.4m relating to amusement machine revenues between 2002 and 2005. HMRC is still appealing the High Court ruling and the claim will be considered by the European Court of Justice. This appeal should be heard in 2011. If the HMRC appeal is successful Rank will be forced to return the payment plus interest.

Top Risers

Share	Price	Change
Catenai Plc (CTAI)	0.285	50%
Tap Global (TAP)	1.35	17.39%
Mobilityone (MBO)	8.50	17.24%
Costain Group (COST)	190.00	11.76%
Goldstone Resources (GRL)	0.75	11.11%

Top Fallers

Share	Price	Change
Videndum Plc (VID)	3.80	-61.46%
88 Energy (88E)	1.40	-22.22%
Union Jack (UJO)	4.00	-21.57%
Physiomics (PYC)	0.375	-16.67%
Galantas Gold (GAL)	54.00	-14.96%

Top By Volume

Share	Price	Volume
Ethernity Net (ENET)	0.0036	735,359,691
Synergia Energy (SYN)	0.0125	484,245,991
Caledonian Hold (CHP)	0.00375	186,136,849
Quantum Helium (QHE)	0.038	168,079,973
Alba Mineral Resources (ALBA)	0.019	112,112,778

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.