Virgin Media has confirmed that it has received a tax refund of £81.5 million (€91.4 million) from HM Revenues and Customs covering VAT payments.
At the same time, the current contingent liability has been reduced to £23.6 million.
The cablenet declined to give further details on the matter.
Broadband TV News understands the case dates back to 2003, ruling out a connection with the 2009 opening of an office in Luxembourg, which now holds a part of the customer billing relationship.
The sum will be reflected in the company’s financial statements for the second quarter of 2011.
