Hansard Global plc
Chargeable Event Certificate settlement with H M Revenue & Customs ("HMRC")
Hansard Global plc ("Hansard" or "the Group"), the specialist long-term savings provider, reported in May 2014 that it had provided £5.0 million to correct for shortfalls identified around the issuance of Chargeable Events Certificates required by HMRC. Following negotiations with HMRC, a full and final settlement has been agreed in the amount of £1.4 million on an estimate of tax lost basis (incorporating a penalty of £8,000). Taking into account professional and advisory fees, this will result in the release of £3.3 million into the IFRS profit and loss account for the quarter ending 30th June 2015.
For further information:
Hansard Global plc +44 (0) 1624 688000
Gordon Marr, Group Chief Executive Officer
Tim Davies, Chief Financial Officer
Bell Pottinger +44 (0) 20 3772 2500
Daniel de Belder
