Grrr VAT Certificate...

[Moody_Buoy]

Bought a boat, given permission to make her sea worthy, all paperwork handed over...... booked to move to new home.... and previous owners can't find VAT certificate at the 11th hour....

Everything on hold. Grrr

 

[sailorman]

I dont think its necessarily an issue , how old is she & were the previous owners private individuals, did you buy through a broker

 

[pvb]

Bought a boat, given permission to make her sea worthy, all paperwork handed over...... booked to move to new home.... and previous owners can't find VAT certificate at the 11th hour....

Everything on hold. Grrr

Didn't you ask to see it before you bought the boat?

 

[Moody_Buoy]

I dont think its necessarily an issue , how old is she & were the previous owners private individuals, did you buy through a broker

Over 20 years old, yes individuals and yes through broker.. Im sure it will all be sorted, just frustrated as had to cancel lift in and moving her.

 

[lpdsn]

and previous owners can't find VAT certificate at the 11th hour....

You mean the invoice for the sale of the boat to the original owners I presume. How far back was that event?

 

[lpdsn]

Over 20 years old, yes individuals and yes through broker.. Im sure it will all be sorted, just frustrated as had to cancel lift in and moving her.

And the original vendor would have only had a requirement to keep records for six years, even if they're still a going concern...

 

[Biggles Wader]

You could negotiate a suitable reduction in price then carry on.Im sure it wont be a big issue.

 

[sailorman]

Why try & knock the vendor. Its the broker`s job to rectify the paperwork. Thats what he get his 10% for

 

[Moody_Buoy]

Thanks. have just read a few articles online, and that and your info has been helpful. We will get to sail away lol

 

[Biggles Wader]

Why try & knock the vendor. Its the broker`s job to rectify the paperwork. Thats what he get his 10% for

Because it is the vendors who cant find the paperwork according to the OP.If the goods are not complete as agreed then why not ask for some money off?

 

[Moody_Buoy]

Will give them the weekend, they say that have it, so we shall see.

PVB, no we didnt see it before offering on the boat, its the first big boat bought... its opened our eyes! The last boat i bought was a laser, gave the guy 2k cash, and drove away with it on a trailer.... big boats, different game entirely! Will know more for next time.

 

[pvb]

Will give them the weekend, they say that have it, so we shall see.

PVB, no we didnt see it before offering on the boat, its the first big boat bought... its opened our eyes! The last boat i bought was a laser, gave the guy 2k cash, and drove away with it on a trailer.... big boats, different game entirely! Will know more for next time.

OK, learning curve, we've all been there!

 

[awol]

I can't see why you need a 20+year old VAT invoice - what benefit do you think it bestows on you? Just add a clause to the sales contract making the vendor responsible for any VAT liability though I cannot imagine any circumstances where that might arise, assuming always the boat has been in the EC for most of its life and the vendor is an EC citizen.

If you really care, about half an hour with computer and printer can give you any document you want.

 

[MoodySabre]

If it is a Moody then ring Princess Yachts in Plymouth where it was built. If they finished it there then they will be able to provide a copy of the original invoice. If,like mine, it was finished at Swanwick then hard luck as they haven't got the old records.

 

[basic]

Bought a boat, given permission to make her sea worthy, all paperwork handed over...... booked to move to new home.... and previous owners can't find VAT certificate at the 11th hour....

Everything on hold. Grrr

Don't worry about it. I don't have one and I know lots of owners with no vat receipt. Ever heard of anyone being dragged through the courts for losing one?
IMHO if customs and excise wanted this kind of documentation they should have kept their own database.

 

[Phoenix of Hamble]

..... assuming always the boat has been in the EC for most of its life and the vendor is an EC citizen...

I always understood that the transaction didn't have to be to an EC citizen as long as VAT was paid?... am I wrong?

 

[macd]

I always understood that the transaction didn't have to be to an EC citizen as long as VAT was paid?... am I wrong?

The issue would be whether the vessel had ever been exported from the EU. If so, VAT would be due on the 'event' of its reimportation.

 

[sailorman]

The issue would be whether the vessel had ever been exported from the EU. If so, VAT would be due on the 'event' of its reimportation.

my boat was company owned (a German, he was the boss & the only other owner) she has never had vat paid & is deemed exempt, i have legal docs in my safe to confirm that

 

[macd]

my boat was company owned (a German, he was the boss & the only other owner) she has never had vat paid & is deemed exempt, i have legal docs in my safe to confirm that

Presumably she is deemed VAT paid by virtue of age, which is not a circumstance Phoenix seemed to be asking about.

 

[sailorman]

Presumably she is deemed VAT paid by virtue of age, which is not a circumstance Phoenix seemed to be asking about.

built 1979in GB, no vat paid