Playtech agrees to pay tax authorities
Playtech has agreed to pay Israeli tax authorities €28m (£25m) following an audit that probed 10 years of accounts.
The FTSE 250-listed gambling software development company said that, following a civil tax audit covering 2008 to 2017, the country has made “transfer pricing adjustments” relating to Playtech’s activities in Israel. As a result, Playtech will stump up the cash and no penalties will be imposed as a result of the audit. The additional tax charge will be reflected as an exceptional item in Playtech’s 2018 accounts and payment is expected to be made in the next 30 days.