Checkit plc Wins Major VAT Recovery Case

Checkit plc (GB:CKT) has released an update.

Checkit plc has triumphed in a VAT recovery case with HMRC, allowing the company to rightfully reclaim £1.2 million in input tax from November 2019 to July 2022. This positive outcome comes after discussions documented in Checkit’s recent annual report, removing the contingent liability from the company’s financial outlook. HMRC’s initial assessment has been retracted, affirming Checkit’s claim and negating the need for further action.

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