westernman
Well-known member
For an Irish resident!!!!!!!No issues for RCD on a Norway boat? Many posts in this thread have said otherwise.
Have you not understood any of the issues????
For an Irish resident!!!!!!!No issues for RCD on a Norway boat? Many posts in this thread have said otherwise.
Thought you meant for UK. Sorry. Misread ??For an Irish resident!!!!!!!
Have you not understood any of the issues????
Good luck with finding a home to rent or buy in Ireland?Sorry to muddy the waters and jump on the OP's thread, but as an also newbie and UK Citizen/Resident I'm hoping to sail Ireland West Coast/Scotland/onto Norway in a few years once I'd got more experience/RYA qualifications
If I moved to The Republic of Ireland and rented (or bought) a home and was resident there - something I'm hoping to do in a couple of years - if I bought a used older boat in Norway or Ireland, would I then have to pay UK VAT if I entered UK waters, or would being resident in Ireland help insulate me from the above probs and regulatroy certification headaches the OP is facing with the boat they're interested in ?
In fairness, all (almost all) second hand boats are sold as seen. That's why we have surveys done...I agree. "Sold as seen" means "tread carefully"!
No issues taking it to the EU as Norway and the EU share regulatory regimes. When we left the single market, we made our own regulatory regime.No issues for RCD on a Norway boat? Many posts in this thread have said otherwise.
It could be a mixture:eeek one more question on this arduously long thread.. Maybe one day it will be part of the learning series of YBW
Some boats on Apollo Duck saying "VAT PAID", some have nothing listed, I assume some don't have VAT paid.
If so how are they getting away with it?
If I've understood the rules correctly, the only way a boat in the UK can NOT be VAT paid is if it was owned by a VAT registered company as part of the assets of the company and the company claimed VAT on it. In that case, the company selling it should charge VAT as part of the transaction. But @Tranona will give chapter and verse. Any privately owned vessel kept continuously in the UK must be VAT paid, though evidence may be lacking for older boats - I'm not sure I could prove that VAT had been paid on my 1989 Moody, as the only evidence would be a VAT receipt from the builders to the original owner; it may be in the file box of stuff I have - but I've never looked for it, and there was never a requirement for people to preserve that kind of thing! Further, a vessel can lose VAT paid status by being exported and then reimported. However, a trail of evidence showing she was never exported would probably be sufficient. Most vessels you see advertised as VAT not paid will be ex-charter vessels.eeek one more question on this arduously long thread.. Maybe one day it will be part of the learning series of YBW
Some boats on Apollo Duck saying "VAT PAID", some have nothing listed, I assume some don't have VAT paid.
If so how are they getting away with it?
Nobody (well almost) is getting away with it. It is just a non issue, but it has become habit to include "VAT paid" in adverts. It is extremely difficult to have a boat non VAT paid unless it is owned as a commercial asset by a VAT registered entity. As you can imagine HMRC are pretty strict on who they allow to do this.eeek one more question on this arduously long thread.. Maybe one day it will be part of the learning series of YBW
Some boats on Apollo Duck saying "VAT PAID", some have nothing listed, I assume some don't have VAT paid.
If so how are they getting away with it?
If we don‘t hear from you , can we assume you have bought it and just SSR it , placed a red on the flagpole and enjoyed a happy sail back to the U.K. with a tight lipped crew ?Well I think I am going for a UK 'VAT PAID' vessel, this will allow me to liv and sail in UK waters as well as take advantage of the EU 18/1 rule. I won't even worry about the complexities of the Caribbean or South America just yet ?.
UK yacht brokers come at me, I have money to drown!!
There still is no requirement to preserve financial documents for tax purposes beyond 6 years and a VAT receipt would be such document....I'm not sure I could prove that VAT had been paid on my 1989 Moody, as the only evidence would be a VAT receipt from the builders to the original owner; it may be in the file box of stuff I have - but I've never looked for it, and there was never a requirement for people to preserve that kind of thing!...
Again, the 6 year limitation applies and the obligation would be on HMRC to prove that a VATable transaction took place in those 6 years, not on the owner to prove it did not....Further, a vessel can lose VAT paid status by being exported and then reimported. However, a trail of evidence showing she was never exported would probably be sufficient...
That only applies to VAT registered entities. There is no requirement in law for an individua to keep any evidence of VAT payment whether it be for a boat or a TV or a new set of tyres for your car.There still is no requirement to preserve financial documents for tax purposes beyond 6 years and a VAT receipt would be such document.
Again, the 6 year limitation applies and the obligation would be on HMRC to prove that a VATable transaction took place in those 6 years, not on the owner to prove it did not.
Boo2
True, but there is a 6 year statute of limitations on tax debt so after that period no requirement to prove VAT status can arise (except where fraud is alleged).That only applies to VAT registered entities. There is no requirement in law for an individua to keep any evidence of VAT payment whether it be for a boat or a TV or a new set of tyres for your car.
True, but there is a 6 year statute of limitations on tax debt so after that period no requirement to prove VAT status can arise (except where fraud is alleged).
Boo2
Is that true ? I understood it was settled on the boat and if sold on the tax man could claim it from the new owner or impound the boat until paid ?But VAT cannot become a tax debt for the owner because he has no responsibility for paying it unless he was the importer. The only person that can have a debt is the entity that was accountable at the time of the original sale.
Picture number 8 shows extensive water ingress, deck pretty much gone I suspect.