HMRC R&D Tax Credit
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Sorted Group Holdings Plc (AIM: SORT), a leading provider of delivery experience and post-purchase technology, is pleased to announce that it has received approximately £2.0m in research and development ("R&D") tax credits from His Majesty's Revenue & Customs ("HMRC") (the "R&D Tax Credit"). The R&D Tax Credit relates to Sorted Group Limited's claim made to HMRC in respect of the financial year ended 30 September 2022.
The R&D Tax Credit has directly been applied towards reducing the Group's pay as you earn ("PAYE") and value added tax ("VAT") liabilities for the financial year ended 31 December 2023 and to 29 February 2024.
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