Jodelpilot36
New member
I've recently read several threads on the impact of Brexit and how it affects boat purchase, taxation and registration in terms of location.
However I haven't seen anything that explained (least to my mind) what would prevent someone buying a Yacht in the EU (say in Greece), that was VAT paid and then moving it to the UK and keeping it there for an extended period 2 or three years, whilst leaving it registered in Greece ? Assuming git was VAT paid already in the EU would you still have to pay UK VAT (or its equivalent) in the above scenario if you resided in the UK.
Is this possible...would you have to return to the EU for a nominal period to reset the clock?
I appreciate I may have missed a thread that covered this so my apologies if Im repeating a question here but I'd be grateful for any views or opinions.
Thanks.
However I haven't seen anything that explained (least to my mind) what would prevent someone buying a Yacht in the EU (say in Greece), that was VAT paid and then moving it to the UK and keeping it there for an extended period 2 or three years, whilst leaving it registered in Greece ? Assuming git was VAT paid already in the EU would you still have to pay UK VAT (or its equivalent) in the above scenario if you resided in the UK.
Is this possible...would you have to return to the EU for a nominal period to reset the clock?
I appreciate I may have missed a thread that covered this so my apologies if Im repeating a question here but I'd be grateful for any views or opinions.
Thanks.