Business
VAT Refund
VAT Refund.
About this update from Altyngold Plc
[{"type":"text","content":"\n \n \n VAT Refund\n \n \n\n \n Hambledon Mining PLC\n \n \n\n \n \n \n Hambledon Mining Plc\n \n \n (“Hambledon†)\n \n \n 18 November 2008\n \n \n VAT Refund\n \n \n Hambledon reports that it has received the first instalment of a VAT \n cash refund from the tax authorities in Kazakhstan totalling some Tenge \n 37m, (approx £206,000) relating to the period April to June 2008. A \n further VAT cash refund of Tenge 60m (approx £334,000) is expected to be \n received in January 2009 in respect of July to September 2008. VAT \n refunds can only be made in respect of quarters where export sales have \n occurred.\n \n \n Owing to uncertainty over the process of recovery of VAT in Kazakhstan, \n Hambledon’s previous policy was to write off \n VAT as incurred.\n \n \n Enquiries:\n \n \n \n \n Hambledon Mining:\n \n \n \n \n Telephone +44 (0)20 7233 1462\n \n \n \n \n Charles Zorab\n \n \n \n \n  \n \n \n \n \n Fairfax I.S. PLC:\n \n \n \n \n Telephone +44 (0)207 598 5368\n \n \n \n \n Nominated Adviser and Broker\n \n \n \n \n Ewan Leggat\n \n \n \n \n \n \n \n ","length":2594,"tagName":"div"}]