Business
RESOLUTION OF FRENCH VAT DISPUTE
Canal+ S.A. has reached a settlement with French tax authorities regarding the VAT rate on television subscriptions, agreeing to a total commitment of €363 million, with the payment schedule to be determined later. The company believes future tax audits should not result in significant additional adjustments and has therefore decided not to make any further provisions in its accounts. This resolution follows clarifications from tax authorities in September 2025 concerning catch-up television services, confirming the application of a reduced VAT rate on these subscriptions. Disclaimer*
About this update from Canal+ Sa
[{"type":"text","content":"\n\n\nPress release\nCANAL+ SA (LSE : CAN) Issy-les-Moulineaux, 19 December 2025 This announcement contains Inside Information\n \n \n \nCANAL+ announces resolution to its dispute with the French tax authorities regarding the VAT rate applicable to the Group's services\n \nCANAL+ (LSE: CAN, the \"Company\", the \"Group\") announced today that it has reached a settlement with the French tax authorities, resolving the dispute related to the VAT rate applicable to television subscriptions.\n \nThis agreement follows the clarifications published by the tax authorities in September 2025, as well as the work jointly carried out on the definition and operational terms of catch-up television at Canal+.\n \nIn this context, VAT applies at a reduced rate on television subscription services. The Company believes that future related tax audits for subsequent years should not result in any significant additional adjustments. The Company has therefore decided not to make any additional provision in its accounts in this respect.\n \nThe total amount to which the Group has committed amounts to €363 million. The payment schedule for this sum will be defined at a later date.\n \nFor further enquiries please contact:\n\n\n\n\nAndrew Swailes\n\n\[email protected]\n\n\n\n\nOlivia Abehassera\nH2Radnor\n\n\[email protected]\[email protected]\n\n\n\n\n \nMarket Abuse Regulation Statement\nThis Announcement contains inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this Announcement via a Regulatory Information Service, this inside information is considered to be in the public domain. The person responsible for arranging the release of this announcement on behalf of Canal+ S.A is Laëtitia Ménasé, Company Secretary.\n \nABOUT CANAL+\nFounded as a French subscription-TV channel 40 years ago, CANAL+ is now a global media and entertainment company. On 22 September 2025, CANAL+ confirmed it is in effective control of MultiChoice Group and beginning the integration process. MultiChoice is Africa's leading entertainment platform, offering a wide range of products and services, including DStv, GOtv, Showmax, M-Net, SuperSport, Irdeto...