Tranona
Well-Known Member
But you will! The boat will be owned by a non-resident and when an EU resident buys it he will have to re-import it. The fact that it does not move is irrelevant, it is the nature of the transaction that triggers VAT. The second transaction is between a non resident and a resident which seems to be a chargeable event. Look at the rules on the RYA site and the reference to HMRC (they are EU rules, not just UK). Only the EU resident that takes the boat out of the EU can bring it back without paying VAT again.
I do not know, but I would imagine someone has found a legal way of ensuring that the second transaction is seen as between two private EU residents as I am equally sure that you are not the first person faced with this dilemma. However, it is unlikely that you would get any clear advice from the authorities, so you need to speak to people such as brokers who operate in this field.
I do not know, but I would imagine someone has found a legal way of ensuring that the second transaction is seen as between two private EU residents as I am equally sure that you are not the first person faced with this dilemma. However, it is unlikely that you would get any clear advice from the authorities, so you need to speak to people such as brokers who operate in this field.