Sportech enjoys a spot of luck with a £93million jackpot from the taxman
FOOTBALL pools owner Sportech scooped a £93million jackpot from the taxman yesterday as it awaits the full-time verdict on its long-running legal battle over the VAT treatment of the company’s Spot The Ball game between 1979 and 1996.
Last year Sportech won a case in which it argued that it was incorrectly charged VAT on the competition.
HMRC appealed and a result is pending but in the meantime has decided to hand over a sum that amounts to half of Sportech’s market value. Its shares rose 5¾p to 90¾p.