Sponsorship now open to two-year-olds
Starting January 1, all yearlings turn two, opening the doors for the ROA Tote sponsorship scheme and VAT registration under the Racehorse Owners VAT Scheme.
One of the main reasons owners seek sponsorship for their racehorse(s) is to meet the sponsorship agreement condition under the Registration scheme for racehorse owners (VAT Notice 700/67, section 1.3) allowing owners to reclaim VAT on their racing-related expenses.
To qualify to register for VAT, the racing entity must:
- Own at least 50% of the horse
- Have a registered sponsorship agreement with the BHA
- Have the horse in training in the UK
There are several sponsorship options available for two-year-olds:
- Tote Sponsorship: ROA members with two-year-olds may be eligible for Tote sponsorship.
- Training Yard Sponsorship: Some trainers offer sponsorship agreements for horses in their care. Speak to your trainer to see if they have a yard sponsorship.
- Tattersalls Sponsorship: Horses purchased at certain Tattersalls sales may qualify for sponsorship for their two, three or four-year-old seasons. Visit the Tattersalls website for more information.
- Third-Party Sponsorship: Owners can also secure their own third-party sponsorship and register it with the BHA.
The ROA VAT Solution team is on hand to assist you with all your digital VAT. Appointing us as your VAT Agent is straightforward. To engage our services, contact Davina, Glen or Rebecca on [email protected] or call 01183 385685 today.
Want to know more about the Tote Owner Sponsorship Scheme?
ROA members have access to the Tote sponsorship Scheme as one of their benefits of membership. We can provide sponsorship for horses in training which are wholly owned by ROA members.
- In the case of a Racing Club or Syndicate, then all club/syndicate managers need to be ROA members in order for the horse to be eligible for the scheme.
- Where the horse is owned in a Partnership, all owners need to be ROA Members.
Sponsored horses will need to carry a Tote logo on the chest and collar of the owner's colours, and the ownership entity will receive a payment of £100 per year for the sponsorship. To apply or for more information visit www.roa.co.uk/tote