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Augean Plc (AUG)

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Thursday 14 February, 2019

Augean Plc

Augean South HMRC Assessment Notification

RNS Number : 9449P
Augean Plc
14 February 2019
 

 

 

Augean plc

("Augean" or "the Group")

Augean South 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 South Limited for a total amount of landfill tax of £16.2m (excluding interest) covering the period ending 28 February 2015 to 31 May 2018. There may be other final assessments for other time periods for Augean South.

This final assessment for Augean South is in addition to the final assessments for Augean North of £10.5m announced in October 2018.

The Group will appeal this Augean South assessment in the appropriate timescale. HMRC is considering whether penalties may be appropriate.

The Group acknowledge the positive and welcome news to issue the final assessment for Augean South Limited and maintain our position based on the legal advice received and independent reviews of our systems. 

The Group will take all appropriate legal channels to challenge the assessment received and seek to mitigate payment of the tax until these legal appeals have concluded.

-  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

 

020 7496 3000

 

 


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