The Association of British Professional Conference Organiser’s (ABPCO) is to follow up its recent roundtable discussion on how VAT impacts association conferences, by organising another event on the topic.
The latest roundtable, took place at the Elman Wall offices in London and saw ABPCO members discuss VAT’s impact on key audiences and the pitfalls to avoid when dealing with the tax man. The event was spearheaded by Elman Wall Bennett director, David Bennett.
“VAT is perhaps not the sexiest of subjects, but it’s a key part of business and our day to day lives in this industry,” said Heather Lishman, association director at ABPCO.
“David’s guidance and experience was of great importance when approaching this subject so we are thankful for his support. The fact is we could have kept talking for hours about this subject so there is a clear necessity to introduce another VAT roundtable into our calendar of events because of the value it holds for our PCO and Associate members.”
Subjects covered at the London roundtable included:
• When does VAT have to be applied and when should it be taken out of the equation?
• How does VAT – or NO VAT – impact on key audiences, e.g. sponsors, delegates from the UK and overseas, partner societies?
• VAT and charitable status – what are the rules?
• What is TOMS (Tour Operator’s Margin Scheme), when and how does it need to be used, and what is its effect?
• 10 pitfalls to avoid in dealing with the VAT man
Sarah Byrne, director at Mosaic Events said the first ABPCO VAT session had been “very interesting and really helpful. VAT for event organisers can be a complete nightmare considering things like TOMS, however it was a great opportunity to share case studies and tips with other PCO’s as well as gain insight from an expert at Elman Wall. It was really worth my time and a great benefit of the ABPCO membership. It is good to now have confidence that we will be handling our VAT correctly”.
For more information about ABPCO visit www.abpco.org