Benefits of being VAT registered

The benefits of being VAT registered as an Owner are many; 

Recovery of VAT paid on; 

• Horse Purchase 

If the entity owns the horse 100%, they can go back 4 years from the effective date of registration given by the BHA in the D1 or D2 declaration. This is reduced to 6 months ownership shares between 50%-99%.

• Registration fees 

All VAT incurred on BHA registration fees including registration of partnerships, syndicates and racing clubs.

• Training fees 

Any costs passed on by the trainer, subject to VAT can be included in the VAT submission.

• Vet’s fees 

• Expenses incurred whilst watching your runner

This includes refreshments, and the VAT on accommodation for the day before, or day of the race.  

• Keep Fees (with the intention of returning your horse to training) 

As a VAT registered Owner, you will also receive 20% VAT in addition to prize money which will be declared to HMRC. 

Sole Owners, Partnerships, Syndicates and Racing Clubs, that have a minimum share of 50% of a racehorse, that is registered under the care and control of a UK-based trainer, and has a sponsorship in place, may be eligible to reclaim the VAT on their racing activities.   

As an ROA member, you may be able to take advantage of our TOTE sponsorship scheme, please contact [email protected] to for further information.

To discuss any aspects of becoming VAT registered or to appoint ROA VAT Solution as your VAT Agent, please contact our team on [email protected] or call 01183385685.