UK Tax Strategy

March 2026

Sona Tax Strategy Statement

This tax strategy sets out Sona’s approach to managing Sona Asset Management (UK) LLP’s tax affairs and those of its wider group (collectively “Sona” or “the Group”). Sona regards the publication of this UK tax strategy as complying with its obligations under Schedule 19 Finance Act 2016.

Tax Risk Management and Governance

Sona has a limited risk appetite for tax risks and actively seeks to manage and reduce tax risks alongside other operational risks. Tax risks are assessed and monitored by qualified tax professionals at Sona and, where appropriate, by qualified external advisors. Sona treats tax risk as the responsibility of its employees throughout the Group.

Sona’s Executive Committee is responsible for the Group’s tax strategy and has delegated day-to-day management and implementation of the strategy to Sona’s internal tax department, overseen by the CFO. Sona places a strong emphasis on robust internal controls and compliance with applicable tax rules.

Attitude to UK tax planning and management of tax risks

Sona seeks to fully comply with all tax compliance obligations and maintain its reputation as a responsible tax payer. Tax risks are proactively identified and addressed to ensure Sona’s associated tax compliance obligations are fulfilled in an accurate and timely manner.

With regard to tax planning, priority is given to the mitigation of financial and reputational risks in accordance with applicable UK or overseas tax rules, best practice as well as taking into account the intent of any applicable UK or overseas tax policy. In particular, due consideration is given to the Corporate Criminal Offence rules to ensure that Sona is not involved in facilitating tax evasion.

Approach towards dealings with HMRC

Sona seeks to maintain transparent and positive dialogue with HMRC. Sona intends to foster credibility and long-term trust with HMRC. Where appropriate Sona may apply for clearances from HMRC.