ZEAL Network SE

  • WKN: ZEAL24
  • ISIN: DE000ZEAL241
  • Land: Germany

Nachricht vom 20.11.2019 | 11:17

ZEAL Network SE: ZEAL subsidiary myLotto24 successfully appeals VAT assessment

ZEAL Network SE / Key word(s): Legal Matter
ZEAL Network SE: ZEAL subsidiary myLotto24 successfully appeals VAT assessment

20-Nov-2019 / 11:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

ZEAL subsidiary myLotto24 successfully appeals VAT assessment

myLotto24 Limited, London, United Kingdom, a fully owned subsidiary of ZEAL Network SE, has successfully appealed the assessment of VAT relating to its former secondary lottery business in the year 2017 at the Fiscal Court of Hanover (Finanzgericht Hannover). This represents part of the total period for which VAT has either already been assessed or is expected to be assessed by the German tax authorities (January 2015 to mid-October 2019).

The written reasons for the ruling have not yet been provided to myLotto24 Limited. ZEAL expects that the tax authority (Finanzamt) Hanover-Nord will appeal the court decision.

In a previous ruling, the Fiscal Court had denied the request of myLotto24 Limited for a stay of execution without a security deposit regarding VAT assessed for the months of May and June 2018.

The effect of the two court decisions on the other relevant periods from January 2015 to mid-October 2019 will be the subject of already scheduled discussions between myLotto24 Limited and the competent tax authority (Finanzamt) Hanover-Nord.

Frank Hoffmann, CEFA
Investor Relations

Valentinskamp 70
20355 Hamburg

T +49 (0) 40 808141-123


20-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

show this


MBH Corporation. Hohes Kurspotenzial

Die MBH Corporation plc hat in den vergangenen Berichtsperioden eine sehr hohe M&A-Aktivität aufgezeigt. Unter Anwendung der so genannten Agglomeration Methodology hat die Beteiligungsgesellschaft branchenübergreifend seit 2018 11 Beteiligungen erworben. Bei einem Pro-Forma-Umsatz der Beteiligungsgesellschaften von über 120 Mio. GBP und einem Pro-Forma-EBITDA in Höhe von über 11 Mio. GBP weist die MBH derzeit eine Marktkapitalisierung von umgerechnet gerade einmal 19,8 Mio. GBP auf. Ausgehend vom aktuellen Aktienkurs liegt zu unserem Kursziel in Höhe von 1,95 € ein hohes Kurspotenzial vor

News im Fokus

Deutsche Lufthansa AG: Lufthansa Finanzvorstand Ulrik Svensson legt aus gesundheitlichen Gründen sein Mandat nieder

04. April 2020, 15:11

Aktueller Webcast

SeaChange Corporation

Fourth Quarter Fiscal Year 2020 Results

06. April 2020

Aktuelle Research-Studie

FinLab AG

Original-Research: FinLab AG (von Montega AG): Kaufen

03. April 2020