Covid UK Prices

[jrudge]

Owning a boat brings a lot of financially wide ranging variables.
I don't think it will make any difference. People who can afford boats can stand a few tax changes.

This .

There will be a few people who stretched themselves to this limit and a few people who will buy a slightly smaller boat or not at all.

But boat ownership is play money by definition - very few people NEED a boat. They have the spare cash to have one.

 

[ari]

no need to pay VAT on a new boat.

I hadn't realised that it was optional - how does that work?

 

[DavidJ]

I hadn't realised that it was optional - how does that work?

I think this describes it well but Gibraltar is going through all sorts of stuff at the moments so not conclusive in my view but replace by non Schengen country.
Resetting EU VAT status - Temporary Admission Procedure

If you’re really interested read this as well
https://taxation-customs.ec.europa.eu/system/files/2018-04/rules_for_private_boats-faq_en.pdf

 

[kashurst]

I think this describes it well but Gibraltar is going through all sorts of stuff at the moments so not conclusive in my view but replace by non Schengen country.
Resetting EU VAT status - Temporary Admission Procedure

If you’re really interested read this as well
https://taxation-customs.ec.europa.eu/system/files/2018-04/rules_for_private_boats-faq_en.pdf

Has something changed?

I'm sorry I must have missed all the fun, what on earth happened?

 

[ari]

I think this describes it well but Gibraltar is going through all sorts of stuff at the moments so not conclusive in my view but replace by non Schengen country.
Resetting EU VAT status - Temporary Admission Procedure

If you’re really interested read this as well
https://taxation-customs.ec.europa.eu/system/files/2018-04/rules_for_private_boats-faq_en.pdf

So Tony's assertion that 'there's no need to pay VAT on new boat' relies on sailing it to Gibralter and back every 18 months!

That's not a terribly practical solution for the average, say, Galeon 365 parked in Hythe Marina.