SPORTINGBET is in discussions with Spain's Ministry of Finance over a "potential outstanding tax liability" covering its operations in the region.
The period under discussion is between January 2009 and May 2011.
A further announcement would be made in due course, Sportingbet stated to the stock exchange.
Its share price was down 3.25p, to 25p, in this morning's trading.
For more companies and markets information visit the Share Price Centre.
You may also like
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.