Ladbrokes plc said it expected to receive an £80m corporation tax repayment during 2010 after reaching a settlement with HMRC covering 'substantially all' outstanding items for tax periods up to December 2007 reported The Guardian (12 April). 'Our guidance for the effective accounting tax rate over the medium term remains unchanged at 19%. We anticipate that the cash tax rate over the same period will fall to about 15% to reflect the utilisation of tax losses ' the company announced.
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Ladbrokes plc said it expected to receive an £80m corporation tax repayment during 2010 after reaching a settlement with HMRC covering 'substantially all' outstanding items for tax periods up to December 2007 reported The Guardian (12 April). 'Our guidance for the effective accounting tax rate over the medium term remains unchanged at 19%. We anticipate that the cash tax rate over the same period will fall to about 15% to reflect the utilisation of tax losses ' the company announced.
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