Tower Resources wins right to appeal adverse UK tax ruling

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Tower Resources said it had been allowed to appeal against a tax decision made in 2016 against the company by British authorities.

The right to appeal against the decision by HMRC, which denied the company credit for input value added tax, was granted by the First-Tier Tribunal.

'This decision is subject to possible further appeal by HMRC to the Upper Tribunal,' Tower Resources said.

'If HMRC chooses to make such an appeal, then it must do so within 56 days of the delivery of the First-Tier Tribunal's decision.'

'Any such appeal must be based on an error of law.'

'The findings of fact made by the First-Tier Tribunal are final.'

At 9:22am: (LON:TRP) Tower Resources PLC share price was +0.03p at 0.93p