Mooring fees

simon14b said:
So I'm often told, but the lenght of the wait will have a lot to do with a boat's dimensions and how they would fit in with the other craft. I suspect that the greatest pressure is on boats around 36 to 38 feet in length with a 'generous' beam.
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We're only 8m with with a 3m beam. Think i might enquire, out of interest for the future.
 
crazy prices, every two years I could by my boat again. There is a lot to be said for being in the wash, I pay £225 per year for a jetty mooring in a nature reserve and hard standing for the winter. Craning out / in is £30 each way. Even the marina at Fossdyke is only around £800 per year for a 28 ft boat.
 
SYH

Tradewinds said:
Unfortunately, SYH charge will be subject to VAT @ 20% (Yup, I have asked about early pre-VAT change payment but not possible according to their accountants).

With 20% VAT & a prompt payment discount it works out at £299.82/m.
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Their accountant will be smart enough to act dumb and charge you the vat increase until it happens and i am sure he as an accountant is smart enough to work it all out so then theyll pocket the rest?
 
tax

Tradewinds said:
Mmm, I received my booking form with all the rates on last month. The letter was date stamped 20.10.10.

Annual rate Pontoon Berth £263/m + VAT (includes hardstanding)
Swinging Mooring 1st April - 31st Oct £108.50/m + VAT (excludes hardstanding)
Winter Berth 1st Nov - 31st March £88 /m + VAT

I went into the office a week ago & asked Jonathan Dyke (MD) directly if I (we) could pay early for next year & therefore escape the VAT rise & he said that they had looked at various ways of getting round the VAT issue & they had all been vetoed by the company accountants. So why Shotley can do it & SYH can't I don't know.
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Of course they can do it? And they will do it!
You can pay for anything pre deadline and still recieve the serviceable goods down the track,
Vat is only a tax paid on an item on the date of purchase, if it wasnt well theyd just say as of now everything is +20% tax and hit the ground running
They are just being greedy or other than that they should get a different accountant cause im thinking he may be too thick for the job!
But judging by the amount of money SYH are spending they either arent short of it, Have got too good of an accountant or they are now looking at ways to scam the extra bit of cash out of the punters! What do you reckon?
 
nauticalnomad said:
Of course they can do it? And they will do it!
You can pay for anything pre deadline and still recieve the serviceable goods down the track,
Vat is only a tax paid on an item on the date of purchase, if it wasnt well theyd just say as of now everything is +20% tax and hit the ground running
They are just being greedy or other than that they should get a different accountant cause im thinking he may be too thick for the job!
But judging by the amount of money SYH are spending they either arent short of it, Have got too good of an accountant or they are now looking at ways to scam the extra bit of cash out of the punters! What do you reckon?
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Not a lot.

I like people such as Jonathan Dyke at SYH who have treated me more than fairly in past times & present.

Off course I might be naive - but VAT is administered by HMRC not SYH who are merely the passers-on of the government's tax.

SYH don't benefit where it's 17.5%, 20% or 500%.

Why should they risk having a VAT investigation by going against their accountant's advice.

Sounds like you've got a grudge.
 
Grudge or not there is no reason to collect vat at 20% on monies paid now for a service delivered in 2011. I am the benificiary of thoughtfull management in paying 17.5% on my next years fees and have similarly benefited in other marinas and for other non marine services in the past. However if you are happy to pay an additional 2.5% for your berth thats your affair.
 
petehb said:
Grudge or not there is no reason to collect vat at 20% on monies paid now for a service delivered in 2011. I am the benificiary of thoughtfull management in paying 17.5% on my next years fees and have similarly benefited in other marinas and for other non marine services in the past. However if you are happy to pay an additional 2.5% for your berth thats your affair.
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I've just replied to your post & the server crashed !!

Try again.

I don't want to pay more than I have to - that's why I called in to see the MD a few weeks ago.

As I said before, SYH berthing agreement runs from April to March - unlike the other marinas around the Orwell which run from the beginning of January. These can offer the year at 17.5% without a problem as VAT @ 20% is not implemented until 4 Jan.

I believe the accountant at SYH was uncomfortable with issuing a pro-forma invoice pre-January increase for a charge that wasn't due to begin until 1st April. I think they think it seemed like it could be construed as VAT evasion by HMRC.

It's their call not mine. :rolleyes:

BTW 'Grudge' was related to this

nauticalnomad said:
But judging by the amount of money SYH are spending they either arent short of it, Have got too good of an accountant or they are now looking at ways to scam the extra bit of cash out of the punters!
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Which I thought was a little uncalled for.
 
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17.5% VAT?

Apologies if someone has covered this earlier in the thread.

MDL Woolverstone have advised that they will be offereing us the chance to pay marina fees for 2011 before Christmas with 17.5% VAT applied. The annual charging period is from 1 April to 31 March. They offered the same when the VAT rate returned from 15% to 17.5% (last year?) and clearly did not have any issue with HMRC then, otherwise they would not be repeating it.

There is a small benefit for them in that they get their cash earlier, and can earn interest on it, and there is a benefit for me because I'm fortunate enough to have the cash available to pay in December and couldn't earn 2.5% interest on it before February, or whenever the fees would normally be due - seems to me like a fair offer on their part. It's puzzling that other marinas do not seem to be getting the same advice from their accountants.
 
Windhover said:
Apologies if someone has covered this earlier in the thread.

MDL Woolverstone have advised that they will be offereing us the chance to pay marina fees for 2011 before Christmas with 17.5% VAT applied. The annual charging period is from 1 April to 31 March. They offered the same when the VAT rate returned from 15% to 17.5% (last year?) and clearly did not have any issue with HMRC then, otherwise they would not be repeating it.

There is a small benefit for them in that they get their cash earlier, and can earn interest on it, and there is a benefit for me because I'm fortunate enough to have the cash available to pay in December and couldn't earn 2.5% interest on it before February, or whenever the fees would normally be due - seems to me like a fair offer on their part. It's puzzling that other marinas do not seem to be getting the same advice from their accountants.
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Very interesting. I'll pass this thread onto SYH
 
Interesting stuff about the VAT position at various locations on the East Coast.
I have just been sent my papers for Fambridge and there was something about early payment benefits.

I will check this evening and post what the letter says.
 
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