How often is there any good news in a conversation about VAT?

But in horseracing, it is all different. A special scheme has been negotiated by the racing authorities with HM Revenue & Customs to enable you to recover any VAT you pay on not only any horse purchase, jockey and training costs, but also a wide variety of expenses, including the costs of travelling to the races, hotels and a whole host of other expenses, even down to phone costs. A detailed guide has been published and can be accessed by visiting the British Horseracing Authority - by clicking here.

All you have to do is to join a recognised sponsorship scheme, and Richard Guest Racing provides owners with that sponsorship. This means that YOU can gain the VAT advantages offered by the BHA scheme.