Portofino
Well-known member
The reason why GdF is normally interested just in Italians is that they are NOT looking for potential evasion of boat taxes.
In fact, contrarily to what many boaters believe, there's none at all in Italy, regardless of size.
What they are using boats for is as wealth indicators, so to speak.
If they find an Italian tenant of a leased £1M quid new boat who shows a miserable income in his tax declaration, that's when they start working.
BTW, according to IT tax rules, such folk should declare the boat as a "foreign asset" in his tax declaration, regardless of whether he owns it or he's just the beneficiary of a leasing (or whatever).
Also in this case, not because the boat per se attracts any tax - as I said there's none - but just as a (mandatory!) information for the tax authorities.
So, whoever may have "forgotten" to report the boat is already at fault for that reason alone, even before further investigations on the consistency of income with the expensive toy,
But of course, all of this only applies to individuals with IT fiscal residence, and that's the reason why they ignored you.
A recent partial exception to this are post-Brexit checks on red ensign boats, to verify the VAT status (proof that the boat was in EU before Brexit, or TI papers, etc.). Obviously, this applies to any UK registered boat regardless of the owner, and it's the same in the territorial waters of any EU Country.
But that's another kettle of fish, and by the sound of what you said they were not aiming at this type of check, but rather at what I previously said.
Yes I get that in Italy they are tracking the capitol asset how it was acquired gathering an understanding of the individual wealth .The reason why GdF is normally interested just in Italians is that they are NOT looking for potential evasion of boat taxes.
In fact, contrarily to what many boaters believe, there's none at all in Italy, regardless of size.
What they are using boats for is as wealth indicators, so to speak.
If they find an Italian tenant of a leased £1M quid new boat who shows a miserable income in his tax declaration, that's when they start working.
BTW, according to IT tax rules, such folk should declare the boat as a "foreign asset" in his tax declaration, regardless of whether he owns it or he's just the beneficiary of a leasing (or whatever).
Also in this case, not because the boat per se attracts any tax - as I said there's none - but just as a (mandatory!) information for the tax authorities.
So, whoever may have "forgotten" to report the boat is already at fault for that reason alone, even before further investigations on the consistency of income with the expensive toy,
But of course, all of this only applies to individuals with IT fiscal residence, and that's the reason why they ignored you.
A recent partial exception to this are post-Brexit checks on red ensign boats, to verify the VAT status (proof that the boat was in EU before Brexit, or TI papers, etc.). Obviously, this applies to any UK registered boat regardless of the owner, and it's the same in the territorial waters of any EU Country.
But that's another kettle of fish, and by the sound of what you said they were not aiming at this type of check, but rather at what I previously said.
Never infered anything about “ boat tax “
These weren’t U.K. boat builders btw .
In the French example they were all Princesses £1-2 M worth new .
The major beneficiary being French .Can only assume the factory did a lower finance deal with a U.K. bank hence the U.K. part 1 like I said .Just curious how they got around the address ? Unless the U.K. factory / U.K. bank is used ??
Not inferring any tax avoidance for clarity just saying there’s another reason folks are flying red dusters .
VAT in 18 yrs of mobo ing in the Med been stopped 4 x by Fr Duanes 2x thus far by Italian GF , one they went through everything as we were still Italian flagged in transit and the second as mentioned ^ no one has ever enquired about VAT .You would have thought given the amount of VAT related traffic on this forum and others it was a hot potato.No so it seems .
How ever I do ( and likely others ) get your point post B there might be a up turn in VAT inspections .Nothing yet .
We do see GF and Guardia Costerie going through popular anchorages but they ignore us .
Even take a b line from the bow angle , slow down get close then spot the red duster and vier away and “ do “ a local Italian boat I assume to get numbers up , look as if they actually inspect boats ?
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