jimcairns52
New member
Following today's report in the Financial Times regarding VAT liability post Brexit, I would be interested in other sailors' viewpoints.
I've kept my X Yacht Xc45 Priceless in Palma, Mallorca since purchasing it new in Denmark in 2012. Priceless is UK registered (SSR) and VAT paid. It seems that I have until December 2021 to bring it back to the UK to avoid being charged VAT again. It also appears that if I keep it in Palma, I may be charged VAT by the Spanish authorities.
If I bring her back to the UK I could be charged VAT when I head back to the warmer waters of the Med,
Either way, Boris seems to be going to land me with a potentially expensive tax bill.
Does anyone else feel confused and scuppered?
Jim Cairns
I've kept my X Yacht Xc45 Priceless in Palma, Mallorca since purchasing it new in Denmark in 2012. Priceless is UK registered (SSR) and VAT paid. It seems that I have until December 2021 to bring it back to the UK to avoid being charged VAT again. It also appears that if I keep it in Palma, I may be charged VAT by the Spanish authorities.
If I bring her back to the UK I could be charged VAT when I head back to the warmer waters of the Med,
Either way, Boris seems to be going to land me with a potentially expensive tax bill.
Does anyone else feel confused and scuppered?
Jim Cairns