pandos
Well-known member
Maybe it's not relevant, ....if the current owner is a CI resident, can they still avail of returned goods relief if they bring the boat back to the UK, without becoming a UK resident..?
One of the points we are trying to confirm, yes, it could in my opinion catch people out quite easily!Maybe somebody is working on the " nobody knows the boat is out of the UK " be careful...
Hi, He is buying the boat in the south of England but travelling from the North of Scotland. The boat is currently in the UK but not sure on the "import status" as the broker apparently doesn't know as not dealt with a situation like this before, just doesn't sound 100% unfortunately.I know I'm old and doddery...but I can't see where it says that...why is he going to view it in the CI then?
Boat is on the hard in Devon. My friend is based in the North of Scotland hence the travel down bit mentioned, sorry it wasn't clear but proving difficult to find the record of import through the seller which is suggesting unless we get the evidence it's going to be a no deal for us as too much liabilities over import duty and potentially it could become VAT liable again.Where is the boat at the moment - is it in the UK?
For sale in the UK, boat is currently in Devon on the hard. so far, no evidence has been shown to prove it has been re imported by the seller which could also mean it would become liable for VAT for the new buyer?It says "for sale in the UK" which is not the same as the saying the physical location of the boat is in the UK
There are plenty of boats "for sale in the UK" via broker and the location of the boat is Mallorca or some such
Apologies again, looks like I've been getting a hard time on here but i was unable to view the majority of these replies until now! Boat is in Devon for sale, UK seller, registered in Guernsey. My friend the new buyer potentially is based in the North of Scotland hence mentioning the travel down to see it. It does have paperwork to show as UK vat has been paid however still investigating on whether that is genuinely retained along with whether import duty is liable.If the boat is not in Guernsey the OP had plenty of time to say so, particularly after post 2 which he warmly welcomed:
Post 2, we recall, alluded to the boat being out of the UK, several times, including:
"....so you will need to import the boat and pay VAT on entry." ".......This has always been the case for boats coming from the CIs"
OP responded:
"Hi Tranona,
Thankyou very much for getting back on this and it is along the lines of what we suspected"
Maybe the title was meant to have been:
BRINGING a vat paid boat registered in Guernsey to UK
Instead of as written:
Buying a vat paid boat registered in Guernsey to UK
.
No. The boat is here either UK VAT paid status under RGR or Returning Resident Relief in which case you want evidence that it qualified and he has declared it properly on entry or as a non UK boat under TA in which case he is responsible for paying VAT and if necessary having the boat certified. The broker should know how to deal with this.For sale in the UK, boat is currently in Devon on the hard. so far, no evidence has been shown to prove it has been re imported by the seller which could also mean it would become liable for VAT for the new buyer?
What if he legitimately bought the boat in the UK and paid vat, the boat never left the UK? How does RGR come into that?No. The boat is here either UK VAT paid status under RGR or Returning Resident Relief in which case you want evidence that it qualified and he has declared it properly on entry or as a non UK boat under TA in which case he is responsible for paying VAT and if necessary having the boat certified. The broker should know how to deal with this.
That's why I asked the question at #50. As has been well proven already on this thread posters read what they think should have been written rather than what is in black and white before them.What if he legitimately bought the boat in the UK and paid vat, the boat never left the UK? How does RGR come into that?
I agree the buyer needs to get documentation confirmation of a full legal status.
Guilty , but I can think of many excuses....posters read what they think was written rather than what is in black and white before them.
It wasn't you I had in mind, sorryGuilty , but I can think of many excuses....
Thanks for clarifying. My transaction was in 2015, when the RGR situation was not so cut and dry.There used to be a 3 year time limit but no more. It is a requirement of EU membership and not something the UK government decided to do. The time limit has been waived for personal goods including pleasure craft. It will eventually get de-legislated as the UK government (and everyone else) consider it unfair.
Pay less import duty and VAT when re-importing goods to the UK
unless we get the evidence it's going to be a no deal for us as too much liabilities over import duty and potentially it could become VAT liable again
I think the OP, as you can see above, is clear on the liability problem.Unless sufficient paperwork and proof of status - I'd walkaway or if I really do want the boat - price at suitable that VAT if to be paid is covered.