⌘K
t
MyHealthChecked PLC announced on 25 April 2025 an update regarding a potential VAT reclaim. Proactive Consultancy Group previously submitted a claim to HMRC for VAT levied on certain COVID PCR tests sold in earlier years. Following detailed correspondence, HMRC has accepted certain elements of the claim, and MyHealthChecked PLC now expects a net cash repayment of up to approximately £0.6m.
| Date | 25 Apr 2025 |
| Time | 07:00:05 |
| Category | Corporate updates |
| ID | 1235G |
MyHealthChecked PLC
("MyHealthChecked" or the "Company")
Potential VAT reclaim - update
MyHealthChecked PLC (AIM: MHC), the consumer home-testing healthcare company, provides an update in respect of the potential VAT reclaim.
As previously reported in the Company's interim results for the period ended 30 June 2024, issued on 26 September 2024, Proactive Consultancy Group (a specialist VAT advisory firm) submitted a claim to His Majesty's Revenue and Customs ("HMRC"), on behalf of the Group, for the repayment of VAT levied on certain COVID PCR tests sold in earlier years on a success fee basis.
At the time it was noted that, if the claim was accepted in full, the Group would receive approximately £1.67m VAT relief gain after associated costs. Following detailed correspondence with HMRC, certain elements of the claim have been accepted, and the Board now expects that the net cash repayment receivable by the Company will be up to c£0.6m dependent on the outcome of on-going discussions. The Company will provide further updates once the matter is fully concluded.
For further information contact:
|
MyHealthChecked plc |
|||
|
Penny McCormick, Chief Executive Officer |
via Walbrook PR |
||
|
|
|
||
|
SPARK Advisory Partners Limited (NOMAD) |
Tel: +44 (0)20 3368 3550 |
||
|
Neil Baldwin / Jade Bayat |
|
||
|
|
|
||
|
Dowgate Capital Limited (Broker) |
Tel: +44 (0)20 3903 7715 |
||
|
David Poutney / Nicholas Chambers |
|
||
|
|
|
||
|
Walbrook PR Ltd (Media & IR) |
Tel: +44 (0)20 7933 8780 or [email protected] |
||
|
Paul McManus / Alice Woodings |
Mob: +44 (0)7980 541 893 / +44(0)7407 804 654 |
||
About MyHealthChecked PLC (www.myhealthcheckedplc.com)
MyHealthChecked PLC, based in Cardiff, is an AIM-quoted pioneering UK healthcare company focused on a range of at-home healthcare and wellness tests.
MyHealthChecked is the umbrella brand of a range of at-home rapid tests, as well as DNA, RNA and blood sample collection kits which have been created to support customers on their journeys to wellness. The tests are lateral-flow self-tests, whilst the sample collection kits enable the collection of blood, urine, nasal or mouth swab samples that are analysed in partner laboratories for a range of biomarkers. The tests have been made available online and for over-the-counter purchase.
The MyHealthChecked portfolio has been identified as part of a change in mindset as customers become more familiar with the concept of accessible healthcare in the growing at home testing kit market with a focus on accessibility at the right price, led by UK-based experts.