Online Casino News - Nice tax refund for Ladbrokes
21st of April 2010 Author: Glo Wood
UK bookie firm expects to receive GBP 80 million in tax refund
The Brit land and online gambling company Ladbrokes is looking forward to a major windfall of GBP 80 million (around $123 million) following a settlement with UK tax authorities, it announced this week.
The settlement covers substantially all the outstanding items in the tax years through to December 2007, and will result in the recognition in the 2010 income statement of a GBP 262 million tax credit in relation to prior years.
The finance charge in 2010 will also be reduced by around GBP 20 million to reflect the interest consequences of the settlement.
Ladbrokes said its guidance for the effective accounting tax rate over the medium term remains unchanged at 19 percent, but that it expects the cash tax rate over the same period to fall to about 15 percent to reflect the utilisation of tax losses.
General Gambling News
5th of November 2009
11th of July 2010
29th of July 2014
18th of June 2014
22nd of June 2014
19th of June 2014
5th of June 2014
4th of June 2014
Disclaimer Contact Us Privacy Gambling Help Site Map
LatestCasinoBonuses.com © 2006-2014
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
PLUS join now and get...
LCB $500 My Pot of Gold Contest
View more information here