ABYA.

[oldgit]

EU VAT Paid Vessels – Update 14th December 2022 | ABYA

 

[DavidJ]

EU VAT Paid Vessels – Update 14th December 2022 | ABYA

Unless I have misunderstood I thought that one was done and dusted.
ref UK VAT on Yachts – Changes to Returned Goods Relief have become UK Law | CA

I understood that as I was the original exporter (UK to Europe in 2002) and had previously used the boat in the UK (UK VAT paid) then I would not have to pay VAT again if I brought the boat back to the UK.

I can’t work out if I’m still clear to do this.

When they say UK residents who purchased VAT paid vessels in the EU, then at that time we were in the EU so applies to ‘purchased in the UK‘ vessels as well.

 

[Tranona]

No change. Just confirming that RGR only applies to the person who owned the boat before it left the UK, not to any subsequent purchaser. This has always been the case, but what the ABYA et al were lobbying for is to extend that to UK residents who bought boats that originated in the UK (and may have paid VAT in the UK) in the EU before Brexit. Given the purpose of RGR that is both illogical and unworkable - for example residence is irrelevant for RGR as is ownership.

 

[DavidJ]

No change. Just confirming that RGR only applies to the person who owned the boat before it left the UK, not to any subsequent purchaser. This has always been the case, but what the ABYA et al were lobbying for is to extend that to UK residents who bought boats that originated in the UK (and may have paid VAT in the UK) in the EU before Brexit. Given the purpose of RGR that is both illogical and unworkable - for example residence is irrelevant for RGR as is ownership.

Many thanks