Jamie Dundee
Well-Known Member
Not sure whether it would help post Brexit.
Interesting idea
- Thread starter Jamie Dundee
- Start date
Bouba
Well-Known Member
I don’t get it. If you are only allowed 90 days in 180, then surely it’s best to prove you weren’t there ?
Jamie Dundee
Well-Known Member
I was thinking it might be connected with VAT in some way.
Lucky Duck
Well-Known Member
Indeed, those of us who's boats might have found a buyer from the EU will find their boat worth considerably less as far as that market it concerned as it will have lost its 'VAT' paid status.
When it looked like it might kick off last October I had considered taking the ferry to Cherbourg and presenting myself at the marina office....
Black Sheep
Well-Known Member
I think the theory is that it can change the VAT status of your boat if it was in the EU on B day.
But of course the receipt proves no such thing. And the relevant authorities will now know that anyone presenting a receipt from Carlingford Marina is likely to be attempting to defraud the VAT payments.
Dino
Well-Known Member
Brexit is certainly keeping the boat transport companies busy bringing boats from the UK to Ireland. Lots of buyers buying boats before the uncertainty of Brexit. The inland marina where I keep my boat has 6 or 7 boats arriving in from the UK this month.
De Vaart Yachting in Holland had three nice Broom 39KL’s for sale. Two of them landed in Ireland this week and one of the two 39KL’s for sale in the UK is on its way here next week also.
De Vaart Yachting in Holland had three nice Broom 39KL’s for sale. Two of them landed in Ireland this week and one of the two 39KL’s for sale in the UK is on its way here next week also.
Jamie Dundee
Well-Known Member
Lucky Duck
Well-Known Member
Just looked on their facebook page - sadly Bungy Williamson is mistaken.
Black Sheep
Well-Known Member
Yeah. Straightforward incitement to commit VAT fraud.
What they've done, by putting that out there, is to ensure that anyone who tries to use a Carlingford Marina receipt in this way will get extra attention from the fraud squad. If I had a boat in their marina, I'd be moving it out pronto.
They've probably just ensured that marina receipts anywhere won't be taken as evidence that a boat was in the EU. Which leaves legitimate owners of boats in the EU on new years eve with a problem.
Way to go, Carlingford!
What they've done, by putting that out there, is to ensure that anyone who tries to use a Carlingford Marina receipt in this way will get extra attention from the fraud squad. If I had a boat in their marina, I'd be moving it out pronto.
They've probably just ensured that marina receipts anywhere won't be taken as evidence that a boat was in the EU. Which leaves legitimate owners of boats in the EU on new years eve with a problem.
Way to go, Carlingford!
Mistroma
Well-Known Member
I'm surprised there's still confusion about this as it has been discussed very extensively for years. Initial knowledge was limited with a lot of conjecture but it did become clear. A few people have, perhaps in jest, suggested making a booking in a French marina in order to get a receipt. Pretty silly to advertise a dodgy scheme and HMRC might well spot receipts for a multiple of marina capacity. I imagine they would look closely at any proof involving a single night spent at a convenient date.
James L
Well-Known Member
Well it would Revenue in Ireland that might have need to check it. That receipt would never be presented to HMRC.I'm surprised there's still confusion about this as it has been discussed very extensively for years. Initial knowledge was limited with a lot of conjecture but it did become clear. A few people have, perhaps in jest, suggested making a booking in a French marina in order to get a receipt. Pretty silly to advertise a dodgy scheme and HMRC might well spot receipts for a multiple of marina capacity. I imagine they would look closely at any proof involving a single night spent at a convenient date.
It would be very valid for an Irish resident to move their boat back for the night as they would be liable to Irish Vat if they did not. As far as I understand it, they would be able to keep the boat in the UK for a few months at least without paying UK vat.
Fantasie 19
Well-Known Member
To be fair - at no point in his sales pitch does he tell you "you don't need to actually turn up"...
Mistroma
Well-Known Member
Yes, of course it would. I was going to continue and mention HRMC's recent about turn regarding Return of Goods Relief which will affect my boat. I've been on an extended cruise and had planned to return to UK but would now face a VAT charge when selling in UK.
I decided not to bother mentioning it but still had HMRC fixed (burned indelibly) on my brain because of their decision.
gordmac
Well-Known Member
If, next year, you buy a boat in the EU and bring it to the UK you will have to pay VAT?
DavidJ
Well-Known Member
There was a long posting on this a few weeks back. Apparently there has been a one year concession by HMRC and you can bring your boat back over 2021 without paying VAT for the second time (applicable for UK boats which have been in the EU for more than 3 yrs)
Now what if you buy a EU tax paid boat?
gordmac
Well-Known Member
Is the concession for a boat you presently own or does it include buying one over there to import?
DavidJ
Well-Known Member
My guess is (and it is a guess) is that the concession is only for those who have previously paid VAT in the UK.
Having a boat in the Med, my concern is that next year my VAT paid in the UK is not valid in the EU, thus I’m due to pay the Spanish taxman 20% of my current boat value.
There is a possible get out in that “No VAT becomes due as there is no VAT taxable event (no importation).”
I would try and argue that for me an event has not occurred. My boat is still in the same place in Spain as it has been for the last ten years.
Hey Ho
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gordmac
Well-Known Member
Another unnecessary complication of Brexit!
My position is different, I am looking for a boat but what I am interested in is more common in Europe. The poor exchange rate doesn't help the cost but having to add 20% VAT on top would be unaffordable.
My position is different, I am looking for a boat but what I am interested in is more common in Europe. The poor exchange rate doesn't help the cost but having to add 20% VAT on top would be unaffordable.
DavidJ
Well-Known Member
It gets worse!
Any new bits for the boat which I take out would be liable for VAT (IVA in Spain) paid when I enter the EU. Then do I reclaim my UK VAT paid. I dunno???
Any new bits for the boat which I take out would be liable for VAT (IVA in Spain) paid when I enter the EU. Then do I reclaim my UK VAT paid. I dunno???