From February, the new machine games duty will come into effect in the UK and visitors to EAG International Expo can benefit from the unique opportunity to attend a free master class on how MGD will actually work.
With the unusual title MGD – A Licence to Kill or Thrill (Your Business), the class will be presented by Michael Barnett and Richard Simons, both partners in the leading industry chartered accountancy practice Richard Anthony and Company.
Richard Anthony will be known to many EAG participants as the firm is a true industry specialist, with a 30-year history of advising clients in the AGC, FEC and leisure sectors. The sessions have been structured to deliver practical advice and to explore the likely impact of MGD on a variety of businesses.
Key topics include:
What impact is MGD likely to have on your business as compared with VAT and AMLD?
What will be the impact of changes in VAT recovery, including partial exemption and other considerations arising after February 1, 2013, such as continued VAT registration?
What accounting records need to be maintained going forward in respect of these changes?
What are the practical considerations in the event of a visit or enquiry from HMRC?
What other areas of taxation might be affected (e.g. capital allowances on equipment)?
Michael and Richard will be encouraging a high level of participation and will be welcoming questions from attendees about the practical aspects of these changes.
The MGD master class will take place from 4pm-5pm in the Seminar Theatre on Tuesday, January 22.
