jfm
Well-Known Member
Hear, hear!
Could be moving to Jersey what are the boating implications
- Thread starter greggreystones
- Start date
Bandit
Well-Known Member
That is correct but does not reflect the facts here. OP's boat is already VAT paid and provided he returns to EU every 3 years (which he has confirmed he can do) then it will retain its VAT paid status in his ownership. What might happen if the boat were not VAT paid seems irrelevant unless I'm missing something.
My assumption in this last case although not stated, was that the OP had sold his Vat Paid boat, moved to Jersey and bought a Vat Free boat. where the OP's status and residency is not crystal clear.
My assumption in this last case although not stated, was that the OP had sold his Vat Paid boat, moved to Jersey and bought a Vat Free boat. where the OP's status and residency is not crystal clear.
Piers
Well-Known Member
Hear, hear!
Love it!
greggreystones
Member
Angele
Thanks for the links and advice, will do some reading as I think you are right that GST would not need to be paid
Thanks for the links and advice, will do some reading as I think you are right that GST would not need to be paid
MapisM
Well-Known Member
In your boots, I wouldn't bother reading anything else on that matter.
I see you are rather new here in the asylum, so you might be unaware of who you can trust or not, and on which topics.
But fwiw, I can assure you that when jfm answered "no" and "nothing" respectively to points 1 and 4 of your OP, that was pretty much the end of the discussion.
I see you are rather new here in the asylum, so you might be unaware of who you can trust or not, and on which topics.
But fwiw, I can assure you that when jfm answered "no" and "nothing" respectively to points 1 and 4 of your OP, that was pretty much the end of the discussion.
JerseyDiver
Well-Known Member
Speak to Jersey Customs about the GST.
There are some incorrect experts on this thread already.....
As a jersey resident importing a vessel that is VAT paid GST would be charged at 5%. You are not yet a jersey resident.
In this case as a person moving to the island, you may be exempt from the GST as you already own the vessel and would need to import it at the time you take up residency.
www.gov.je for further info.
Last year customs did a check of the previous 2 years boat registrations and offered an opportunity for the owners to declare the import and pay the GST before taking further action.
There are some incorrect experts on this thread already.....
As a jersey resident importing a vessel that is VAT paid GST would be charged at 5%. You are not yet a jersey resident.
In this case as a person moving to the island, you may be exempt from the GST as you already own the vessel and would need to import it at the time you take up residency.
www.gov.je for further info.
Last year customs did a check of the previous 2 years boat registrations and offered an opportunity for the owners to declare the import and pay the GST before taking further action.
westernman
Well-Known Member
You should probably ensure you import your boat along with your house hold belongings, cars etc at the same time. There is probably some kind of declaration which you should make to customs to avoid import duties and the 5% GST.
If you are being moved there (i.e. you are working for a big company who are expatriating you), you should ask them to cough up for the 20% VAT you might have to pay when moving back to the UK.
I would have though that as you are moving back to the UK you could probably reimport the boat along with all your chattels without having to repay any VAT on anything (there is usually a 6 month period during which you may not sell it).
A friend of mine moved from California to France and was able to import his Chevrolet Corvette into France without paying any import taxes for VAT. He did have to pay the registration charge (which is proportional to engine size) which came to about 400 euros though. He sold the car 9 months later for twice what it was worth a year before that in California.
If you are being moved there (i.e. you are working for a big company who are expatriating you), you should ask them to cough up for the 20% VAT you might have to pay when moving back to the UK.
I would have though that as you are moving back to the UK you could probably reimport the boat along with all your chattels without having to repay any VAT on anything (there is usually a 6 month period during which you may not sell it).
A friend of mine moved from California to France and was able to import his Chevrolet Corvette into France without paying any import taxes for VAT. He did have to pay the registration charge (which is proportional to engine size) which came to about 400 euros though. He sold the car 9 months later for twice what it was worth a year before that in California.
