Dual nationality and vat question

[jon and michie]

Hi - could someone with dual nationality ie An EU passport and a UK passport - buy an EU vat paid boat and bring it into the UK without paying import tax and say in the future sell it in the UK without any complications to both the buyer or seller?

Many thanks in advance
Jon

 

[DavidJ]

The tax in an import tax and is imposed regardless of nationality of buyer.

 

[j24jam]

Hi - could someone with dual nationality ie An EU passport and a UK passport - buy an EU vat paid boat and bring it into the UK without paying import tax and say in the future sell it in the UK without any complications to both the buyer or seller?

Many thanks in advance
Jon

No

 

[jon and michie]

Thanks for the replies - I was initially thinking that an individual moving to the UK could bring personal items into the country

 

[j24jam]

There are legitimate schemes that allow this, including bringing boats back.

I have sold a boat (as broker) that was brought back under such scheme.

 

[westernman]

Thanks for the replies - I was initially thinking that an individual moving to the UK could bring personal items into the country

Citizenship and passports you hold are irrelevant.

Yes under certain circumstances. And boats and cars can form part of those personal items. However, they must usually have been owned by you for 6 months before you move, and be fully tax paid in the country you are moving from. You would normally be required to keep the boats/cars for a certain period after import as well. In the case of some one I know who move from the USA to France and imported his Corvette, he had to keep it for 6 months after import.
(He made a very healthy profit it on it).

This is all completely independent of any citizenships you may have. You could be a citizen of Bhutan and the same would apply.

 

[DavidJ]

Thanks for the replies - I was initially thinking that an individual moving to the UK could bring personal items into the country

Indeed yes
A friend of mine has returned permanently back to the UK from living in Denmark for a few decades. He brought all his stuff back (not a boat though) with no tax implications. So yes there are schemes which are well outside of my knowledge base

 

[Tranona]

Here is the guidance.
www.gov.uk/guidance/transfer-of-residence-to-great-britain#:~:text=Conditions%20for%20relief,to%20live%20in%20the%20UK

As can be seen pleasure craft are included in personal goods. There are some restrictions. The boat must have been owned for a period (I think 12 months) before import and can't be sold for 6 months. but otherwise becomes UK VAT paid (and also retains the possibility of remaining EU VAT paid under their Returned Goods Relief rules)

Clearly not many people are eligible and not suitable as a "dodge"

 

[Alicatt]

Here is the guidance.
www.gov.uk/guidance/transfer-of-residence-to-great-britain#:~:text=Conditions%20for%20relief,to%20live%20in%20the%20UK

As can be seen pleasure craft are included in personal goods. There are some restrictions. The boat must have been owned for a period (I think 12 months) before import and can't be sold for 6 months. but otherwise becomes UK VAT paid (and also retains the possibility of remaining EU VAT paid under their Returned Goods Relief rules)

Clearly not many people are eligible and not suitable as a "dodge"

I did this with a motorbike, I bought it in the UK before I moved to Belgium and personally imported it to Belgium, 18 months later I sold it on to a Belgian with no import duty payable.

 

[Portofino]

I moved a Swiss Testarossa back to the U.K. Bought some U.K. headlights + speedo
Got a mot ( passed as CH is far more onerous) and DVLA just registered it .There wasn’t any VAT , import duty or anything.
After 9 yrs sold it for 2x ( inc Fx calcs ) what I paid for it despite LHD CH car .

 

[Tranona]

I moved a Swiss Testarossa back to the U.K. Bought some U.K. headlights + speedo
Got a mot ( passed as CH is far more onerous) and DVLA just registered it .There wasn’t any VAT , import duty or anything.
After 9 yrs sold it for 2x ( inc Fx calcs ) what I paid for it despite LHD CH car .

Was that before Brexit or after?

There are specific rules (linked to in the guidance notes) for bringing a vehicle into the UK. Duty and VAT is payable UNLESS you qualify for this relief.

So I have no idea why you tell us your story unless it is to show off the fact that you own a Ferrari because it has zero relevance to either the original question or the supplementary of resident relief from VAT.

 

[Portofino]

Was that before Brexit or after?

There are specific rules (linked to in the guidance notes) for bringing a vehicle into the UK. Duty and VAT is payable UNLESS you qualify for this relief.

So I have no idea why you tell us your story unless it is to show off the fact that you own a Ferrari because it has zero relevance to either the original question or the supplementary of resident relief from VAT.

The 9 yrs puts it pre B .

Brexit didn’t matter it was the age of the car .U.K. aren’t bothered were it came from .As some one said ^ depends .
Age of the thing can in certain circumstances nullifies import dues .I was giving an example like AIicat were I was fully expecting to pay Something ( obviously ) and ended up playing a straight bat - paying knack all .

These are real life experiences ,Sorry if they don’t appear with your take on this .Not my fault .

 

[jfm]

Somewhat confused thread

The answer to post 1 is "no" as stated in post #3

Then OP adds the critical information, not mentioned in post #1, that they are transferring personal residence at same time. In that case, Tranona is 100% correct in post #8. Any other goalpost moving OP wants to do?

Portofino as usual writes garbage. There are and were then special reduced import tax reliefs when importing old cars into the UK. This has nothing to do with importing boats because, er, boats are not cars. Portofino's style is to answer a question you didn't ask, and use it as a way to mention he has a Ferrari, a very unspecial one. As Tranona says in post #11, Porto's comments have zero relevance.

Post #6 is also 100% correct. The EU directive if you're interested in reading it is EU Regulation 1186/09, para 4 or nearby.

 

[Portofino]

Thought there was an age cut off with boats too ?Worth raising this as it was with /is with cars .

 

[jfm]

No there isn't. Never has been.
It wasn't "worth raising" it.
Why don't you stop writing cr@p?