A mandatory 15% VAT has been applied to the Cape Town event and a 20% VAT to the London event which is fully refundable.
The mandatory VAT charge imposed by HMRC is often raised as a concern for non-UK based clients attending our London events. Clients can apply for the VAT refund online but the complicated and intense admin work is preventing most from taking action.
121 do not want prospective clients to slip away because of this and so we have identified a UK-based tax firm, Bredners, to assist our clients attending the London events with their VAT refund application.
Bredners will charge only net GBP 180 for 121 Group’s clients who engage their service in the VAT refund.
Below is additional information to enhance your understanding on the topic.
In order to make a successful claim, one must be able to demonstrate/provide:
1: That the claimant does not have a business address within the EC or a permanent place of residence in a member state.
2: Any claim must have attached to it, the original conference and hotel invoices. These are returned to them once the claim has been processed by HMRC.
3: Also required is a copy of the person signing the reclaim form, together with a simple confirmation from the 121 Group that they actually attended the conference.
Unless we can provide/demonstrate the above, any claim made will fail.
On the fees charged by Brebners:
Regarding fees, HMRC invariably do not pay to an overseas bank account, so we agreed at a fixed fee of £180 (which includes Brebners’ non-recoverable £30 VAT, that is mandatory to charge) is deducted from the funds HMRC will pay to Brebners’ client account, which they then remit the balance, to the claimant bank account immediately afterwards.
Richard Ward is the tax specialist at Bredners who our clients should contact in their application for the VAT refund and below are his details.
Telephone: 020 7919 0319
Chartered Accountants & Business Advisers
130 Shaftesbury Avenue
London W1D 5AR
Office: 020 7734 2244
Fax: 020 7287 5315
121 Group does not benefit financially from this arrangement and we are doing this simply to prevent that extra mile for our clients.