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Home | Categories | Business News Please tell us what you think of this article. Tell a friend Print Friendly

Falklands : FIG Responds to Rockhopper's Financial Information
Submitted by Falkland Islands News Network (Juanita Brock) 24.08.2013 (Article Archived on 21.09.2013)

Nicola Granger, Commissioner of Taxation, FIG has said that in response to reports in the UK press regarding Rockhopper Exploration's Financial Information release on Wednesday





FIG
Responds to Rockhopper's  Financial Information



 



By J.
Brock (FINN)



 



Nicola
Granger, Commissioner of Taxation, FIG has said that in response to reports in
the UK press regarding Rockhopper Exploration's Financial Information release on
Wednesday, the Falkland Islands Government Treasury had decided to release a
statement saying that in accordance with usual practice the Falkland Islands
Government Tax Office is reviewing the tax return submitted by Rockhopper on
17th May.



 



Given the
extraordinary circumstances surrounding Rockhopper's application to the High
Court to cancel its share premium account, an initial tax assessment was raised
by the Falkland Islands Government Tax Office on 11th June prior to agreement
of the tax liability. The Falkland Islands Government is working with an
international specialist valuation advisor and is confident that a mutually
acceptable outcome can be reached with Rockhopper.



 



 

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