G
Guest
Guest
I am in the process of purchasing a yacht from outside the EU, with the intention of returning it to the UK east coast later this year. The boat complies with the requirements of the rcd so I am OK on that score. However I am in the enviable postion of acquiring the vessel at a much discounted rate, so my question is... is vat calculated on the actual price I paid or will C&E calculate the amount of vat owing based on the UK value of the vessel? (The difference between the two could run to several thousand pounds)