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Friday 27 March, 2009

CustomVis plc

Changes to Tax Provision

RNS Number : 6297P
CustomVis plc
27 March 2009
 



27 March 2009


CustomVis plc

('CustomVis' or 'the Company')



Taxation provision substantially removed


In the audited financial statements for the year ended 30 June 2008 the Company provided £302,226 in respect of adjustments to the tax computations for the years ended 30 June 2005, 2006 and 2007 and for potential penalties. Following completion of the audit, representations were made to HMRC to allow for reassessment of these prior year tax returns.


The Directors are pleased to announce that HMRC has now confirmed that it accepts these adjustments, and therefore the provision is no longer required.


The Company's June 2009 financial statements will include the release of the corporation tax provided for at 30 June 2008 of £302,226 in respect of previous years.  This will be reflected in the June 2009 financial statements as a reduction in the 2009 corporation tax expense by virtue of an over provision of corporation tax in the previous year.



For further information, please contact:


CustomVis plc

Paul van Saarloos, CEO                                                                                                +61 410 497 456


John East & Partners Limited

David Worlidge                                                                                                                  020 7628 2200


ICIS

Christian Taylor-Wilkinson or Mike Smith                                                                         020 7651 8688





This information is provided by RNS
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