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Been told to day by broker that a T2L is only valid for two months, can anyone confirm this
Thanks
Been told to day by broker that a T2L is only valid for two months, can anyone confirm this
Thanks
Posted also in lounge
Been told to day by broker that a T2L is only valid for two months, can anyone confirm this
Thanks
The broker is from south of England , well established companyWhy do you ask?
Which country was the broker in? Outside Portugal and Croatia, it is unlikely to be an issue. If you want one in respect of a UK vessel best you get it before the end of the year. When applying you could ask HMRC Salford about validity.
If you give more detail then it may be possible to give you a better answer.
The broker is from south of England, well established company
Thanks for reply, the boat has a T2L ( 2019) he says is out of date only valid for 2 monthsYou might find this useful:- C88/T2L Aide Memoir (British Flagged Vessels)
From your response, I assume that this broker plans to ship this vessel (by sea or overland) for you?
In which case, as he appears to be knowledgable, suggest he sorts out C88/T2L with HMRC Salford for you.
Thanks for reply, the boat has a T2L ( 2019) he says is out of date only valid for 2 months
Any more info on this suggestion that. T2L has a limited life
If the Portuguese find out it could have significant implications??
I have just sent an enquiry to the HMRC VAT helpline asking if a T2L issued before 31/12/2020 will still be valid once we leave the customs union. Will post reply if/when received.
I suspect a bizarre outcome after leaving. Portugal won't recognise a British T2L and you will need to get a Portuguese T2L using your existing proof. If the T2L was issued because it was a home build, then you may want to enquire further on what was the correct Vat certification that should have been issued at the time. If there was any.Thanks. The final solution.?✔
I suspect a bizarre outcome after leaving. Portugal won't recognise a British T2L and you will need to get a Portuguese T2L using your existing proof. If the T2L was issued because it was a home build, then you may want to enquire further on what was the correct Vat certification that should have been issued at the time. If there was any.
I fear there will be many complications especially yachts that have been in Turkey for many years but get back in time. Many question may be raised asking for proof of being in Greece that stopped the clock ticking on the 3 year EXPORT sword of Damocles. I have no doubt that it will be relatively easy to satisfy officials, but it's that peskey buyer who will want a greater evidence level.....or money off!
Just to be clear, the original purchase receipt of the boat from a dealer showing VAT registration details and Vat amount paid is normally the method used to prove VAT status both in the UK and here in Portugal.
I know this to be the case in Portugal because I bought a Portuguese boat and that has the original receipt of purchase. No T2L. When I registered the boat at the finances, yes you have to record your ownership of a boat just like you do a car, they checked the invoice showing vat was paid. That's all they needed.
Maybe someone can remember the details of why someone was asked for a T2L in Faro some years ago.
I suspect they couldn't prove VAT paid by producing the original receipt so the Portuguese accepted the T2L instead. Then everyone panicked and went off and got a T2L just in case they were asked. As we all know, the T2L has no bearing on the VAT status of the goods and actually proves nothing, however it's another piece of paper to impress the authorities with.
I've not known anyone be asked for it since and I have never produced mine for any reason.
But I'm going to keep it for my English boat just in case. You never know.
I had a video call with some friends and one works for HMRC. I mentioned the T2L expiry and he said the he would let me know in a couple of minutes. He held up a very thick new book and said it was the latest version of the rules.I have just sent an enquiry to the HMRC VAT helpline asking if a T2L issued before 31/12/2020 will still be valid once we leave the customs union. Will post reply if/when received.
Greeny - I agree with all you have said. Although I have a T2L, I think it is a pointless document. I note some in a recent link said they did not have to provide evidence of VAT being paid - but were still issued! Rather debases the whole system.Just to be clear, the original purchase receipt of the boat from a dealer showing VAT registration details and Vat amount paid is normally the method used to prove VAT status both in the UK and here in Portugal.
I know this to be the case in Portugal because I bought a Portuguese boat and that has the original receipt of purchase. No T2L. When I registered the boat at the finances, yes you have to record your ownership of a boat just like you do a car, they checked the invoice showing vat was paid. That's all they needed.
Maybe someone can remember the details of why someone was asked for a T2L in Faro some years ago.
I suspect they couldn't prove VAT paid by producing the original receipt so the Portuguese accepted the T2L instead. Then everyone panicked and went off and got a T2L just in case they were asked. As we all know, the T2L has no bearing on the VAT status of the goods and actually proves nothing, however it's another piece of paper to impress the authorities with.
I've not known anyone be asked for it since and I have never produced mine for any reason.
But I'm going to keep it for my English boat just in case. You never know.
I had a video call with some friends and one works for HMRC. I mentioned the T2L expiry and he said the he would let me know in a couple of minutes. He held up a very thick new book and said it was the latest version of the rules.
He confirmed that there was no mention of an expiry date for T2L and said he would also check with colleagues. I haven't heard anything and assume his initial assessment was correct. The book he used was literally covered in colour coded edge tabs with printed notes and he said that lockdown had given him to study it. I hope that Graham376 gets a similar reply to his query.
Note: He could never understand why I wanted a T2L when I first mentioned it last year in relation to my boat.
Hi, I have a boat based in Portugal. Portugal and Croatia (wrongly) require a T2L which many of us have, to prove in their opinion, that VAT has been paid and our boats are in free movement within EU. Will a T2L issued before 31/12/2020 still be valid afterwards, once we have left the customs union? |
Have just received a reply from HMRC first, my question to them -
HMRC (very short) reply -
Hi, I have a boat based in Portugal. Portugal and Croatia (wrongly) require a T2L which many of us have, to prove in their opinion, that VAT has been paid and our boats are in free movement within EU. Will a T2L issued before 31/12/2020 still be valid afterwards, once we have left the customs union?
Dear xxxxxxxx
Potentially not no
Yours faithfully,
HM Revenue & Customs
Customs, International Trade & Excise