Talks to resolve VAT payments in time for Irish horses travelling to Cheltenham
Talks are taking place to try to ease the confusion around VAT payments for horses travelling to Britain from Ireland, with ambitions to have the issue addressed in time for the Cheltenham Festival in March.
Grangee, who finished third behind Eileendover in the Listed bumper at Market Rasen on Saturday, became the first horse to travel to Britain from Ireland since the UK left the European Union on January 1. Her trainer Willie Mullins revealed he had not been asked to pay VAT on the mare, easing his concerns about a potentially “colossal” fee for bringing horses across the Irish Sea to race at Cheltenham.
The payment, which is reclaimable within three months, in the Grangee case is believed to have been deferred until later in the year. In the meantime, discussions are ongoing within racing as to how those planning to travel to Britain can be helped with substantial VAT liabilities.
Read the full story
Read award-winning journalism from the best writers in racing, with exclusive news, interviews, columns, investigations, stable tours and subscriber-only emails.
Subscribe to unlock
- Racing Post digital newspaper (worth over £100 per month)
- Award-winning journalism from the best writers in racing
- Expert tips from the likes of Tom Segal and Paul Kealy
- Replays and results analysis from all UK and Irish racecourses
- Form study tools including the Pro Card and Horse Tracker
- Extensive archive of statistics covering horses, trainers, jockeys, owners, pedigree and sales data
Already a subscriber?Log in
Published on 17 January 2021inNews
Last updated 17:19, 17 January 2021
- Merci Olivier! No final winner for Olivier Peslier but the world of racing unites in saluting the end of a great career
- The latest edition of the Racing Post is available to read online now - here's how you can access it
- How Smart View recorded a 76 per cent profit at the Cheltenham Festival
- Smart View is available on the Racing Post app - how to read the revolutionary new racecard
- Levy reform talks 'accelerating' as clock ticks down to April deadline for agreement
- Merci Olivier! No final winner for Olivier Peslier but the world of racing unites in saluting the end of a great career
- The latest edition of the Racing Post is available to read online now - here's how you can access it
- How Smart View recorded a 76 per cent profit at the Cheltenham Festival
- Smart View is available on the Racing Post app - how to read the revolutionary new racecard
- Levy reform talks 'accelerating' as clock ticks down to April deadline for agreement