Chris_Robb
Well-known member
Watches the RYA webiner,kept losing the volume, so didn't get it all .
Three thing come out of it
1 ... it seen HMC have said the boats returning back to the UK up to Dec 2021 will be able to claim RGR .( RYA still working on getting it to three years )
2.. as I and may other have been saying the TR2 is no prove VAT has been paid .
3 .. some country may not recognise the ICC if the boat flag isn't within the country that skipper is from .
In other words if you reflag your boat to say Greece or Spain then , Spain or Greece MAY not except the ICC .
but say your flag is British and your a British resident then your OK .
The rest was all basically no one know as yet ,
RYA members can write in with question .
If I understand correctly - HMRC are saying they will enforce RTR rigorously but that doesn't necessarily follow that the time extension allowed in current rules won't still apply for those who personally took their boats out of the UK and return them. The change appears to be the date at which the export took place.
I does however appear that anyone who has bought a boat in the EU will not be able to claim UK RTR unless they have in the meantime already been back to the UK with it. I don't understand how they can change the law retrospectively as the UK and EU were (still are until 31/12) one territory with goods in free movement, when the boat was purchased.
For those of us who have no intention of returning our boats to the UK, I don't see any problems and we may even find our boats are worth more in a larger market with EU VAT paid status. But, what will happen to UK residents with a boat purchased and based in EU, if they visit the UK? Will they be able to use temporary import rules or, be nailed for import duties/VAT?