RupertW
Well-known member
Graham is still misunderstanding the situation. A boat which is not UK VAT paid can’t get Returned Goods Relief and as things stand if your UK VAT paid boat is in the EU on transition day it will lose UK VAT paid status so could visit the UK like any foreign boat but can’t stay there without being imported and tax paid again. Only if the UK government legislate to make boats in EU both UK and EU VAT paid can Graham’s proposal work.Graham
You seem to be more clued up on this subject than most of us. Regarding UK Returned Goods Relief, is there any time limit on how long the UK vat paid boat may be outside the UK? I recall mention of three years max.
Secondly, do we know of any cases where this relief has actually been claimed on yachts? I suspect that most returning yachts just ignore the whole VAT question.
Peter
Hopefully they will.