Member Info for MidasX

Under HMRC’s Charter, you can formally request that HMRC review whether the delay is reasonable.

This is not widely known, but it often speeds things up because it forces internal scrutiny.

HMRC has wide statutory powers to delay VAT repayments while they conduct checks under VATA 1994, especially s.73 (assessments) and s.74 (information powers).

There is no legal mechanism for a business to compel HMRC to pay sooner.

However, HMRC must still act:

- Reasonably

- Proportionately

- Without unnecessary delay

- In line with their own Charter and internal service standards

Fugazi funded derampers given extra bag of speed today! Well done dipped into 20's before the AGM, mission accomplished 👍👌

Fugazi out I force as usual, this forum is now redundant!

With the news regarding the potential approx £80 million vat refund (not £60 Million that they state) only a few weeks away, why would Fitch downgrade now and not simply wait a weeks for a more accurate picture?

Answers on a postcard!

Yes Fitch had Lehmans ad AA just before they went bust!

What garbage!

"THGs net debt forecast also include the VAT refund already.."

The fugazi have been trading the downgrade in advance and probably paid for it.

They can't even get the VAT claim figure correct.

There is a potential upside to THG's liquidity from a VAT recovery claim of GBP60 million submitted to HMRC. We do not assume any proceeds from this claim in our rating case, given an uncertainty on the amount and timing.

Turning your back at 72p would be like getting out of Rolls Royce at £1.50!

It would seem a no brainer that healthy food supplements and products that encourage healthy living should be encouraged and not discouraged by being hammered with VAT. The younger generation are increasingly adopting cleaner, healthier living options and VAT free healthy protein supplements that encourage a gym lifestyle will be a vote winner.

Not long now and the remaining debt could be reduced substantially!

Just bought some under 30p.

Unbelievable Jeff!

Keep up the good work Fugazi.

I note there is no My Protein or Ingenuity on the Williams 2026 merchandise.

"THG reports record H2 revenue, exceeding guidance "

Https://www.investing.com/news/earnings/thg-reports-record-h2-revenue-exceeding-guidance-4443580

(Alliance News) - Ocean Wilsons Holdings PLC said that a UK court sanction hearing on its proposed merger with Hansa Investment Co will go ahead as planned on Monday, despite a request for adjournment.

Back in July, the two Bermuda-registered investment firms agreed to an all-share combination in which Hansa Investment acquires all Ocean Wilsons capital. The scheme secured majority approval from Ocean Wilsons shareholders at a meeting earlier this month.

However, New York-based investment manager Arnhold LLC, which holds around 900,000 Ocean Wilsons shares in August published an open letter arguing that the deal "grossly undervalues" Ocean Wilsons stock. Arnhold said it would object to the sanctioning and requested the hearing be adjourned by about four weeks.

Under the approved scheme, Ocean Wilsons investors are set to receive 1.4925 new Hansa share units, each comprising one voting ordinary share and two non-voting 'A' ordinary shares, for each Ocean Wilsons share held.

Ocean Wilsons shares were up 0.2% to 1,192.60 pence on Monday morning in London. Ordinary shares in Hansa Investment were up 0.4% at 278.22 pence, while Class 'A' shares rose 1.2% to 273.30 pence.

For its part, Ocean Wilsons said it "has engaged constructively with Arnhold over several months" regarding concerns over the merger, and had made efforts to determine whether "there was any substantive basis" for the adjournment.

Ordered and paid for my 2 advent calendars over the weekend. The 3rd fragrance calendar sold out in 24 hours. Very clever marketing, as per last year the THG calendar sold out very early. Customers know that they need to purchase early to avoid disappointment! Money in the bank for THG before 3rd quarter end.

Back in the ftse250 from Wednesday 👍

More evidence of the benefits of My Protein products.

BBC News - Creatine - can muscle-boosting supplement help with brain fog? - BBC News

https://www.bbc.co.uk/news/articles/c2lx7klzvpko

The fugazi have been keen to keep the price below MM strike price. It will be very encouraging if we can hold above 32p.

The VAT news could come at any time along with another favourable asset disposal!

Excellent presentation, very positive outlook on all counts. Let the recovery begin 👌

Outlook and guidance

Confidence in delivery is growing ahead of the peak trading period, with:

o THG Beauty expected to deliver H2 revenue growth of +1.0% to +3.0% (H1 2025: -5.9%)

o THG Nutrition expected to deliver H2 revenue growth of +10.0% to +12.0% (H1 2025: +3.1%

The shares switch over automatically and can be traded as normal with most brokers.