The Saga Continues But A Funny Thing Happened On The Way To the Forum

[jrudge]

Apologies to OP for a very quick question / diversion that doesn't warrant a new thread. If VAT was paid in a EU country would a 2nd hand boat then need to have VAT paid to HMRC if brought into the UK? Quick yes or no will do. Thanks

Thank you. My VAT was paid in the EU, are you saying it will become invalid once the UK leaves the EU?

No one has a clue!

Paid in the EU will be fine as it was paid.

But if the boat is in the UK, and the UK is not in the EU, then in the absence of any legislation to change things then yes after x years it would not be EU vat paid as it was out of the EU!

But no one actually has any idea at all as there is no legislation on anything at present. This i probably issue 118756 on the list!

 

[BruceK]

Thank you :encouragement:

 

[Portofino]

Regards post Brexit I thought VAT is a transaction tax levied by traders and boat factories.
It’s not a tax on the boat as such .its not a tax on a sale between private none vat reg ,d individuals either .
So you should be able go on hols from U.K. to say France ( temporarily) without a VAT demand as no transaction is taking place .
Obviously if applicable keep the original factory invoice in case officialdom requests it to show at least it was paid when we were in the EU club .As they don,t know your history re where you have been / based etc - could have just rocked up from 3 y in the Caribbean or just nipped across from the Solent ?

How ever boats move and the CI don,t do VAT conveniently situated in the Channel .
So ,there’s scope going Fwds to acquire a CI delivered boat and sail away so one can see why it’s a problem for them .

It’s just the way it is , they want to see “a “ VAT invoice more so on vessels from states with no compulsory reg system .
A reg system which uses VAT paid for a private individual as a prerequisite of entry on to it .

So it would seem to me at the moment those Brits intending to buy a boat and end up in the Med under a red ensign ( or other U.K. flag ) should seriously consider buying an already reg,d boat under Spanish / French / Italian ( there may be others ? ) .
This will come with a paper trail of the previous owners(s) reg - VAT paid status , which should do later in post Brexit land - even if you have U.K. part 1/3 or what ever after dereging it from the sellers register .
For example I have copies of the original Italian blue book and the official IT dereg docs from port of Roma .
So we know VAT was paid

 

[petem]

And so, having travelled a long way to view a boat today that I had stuck my neck out and had a had surveyed and sea trialled. I was ready to do a deal if all went well. The owner, nice chap, took me out on it and all seemed good. I went through a long list of things that the surveyor had noticed and I would estimate 95% of which were not a problem at all if he had switched the right switch. Anyhoo, we negotiated and agreed a price and shook on it. Two minutes later, the owner said that the original sales doc showing VAT paid was missing and so after 4 months of hassle raising finance, many miles looking at boats, yet again my dreams were temporarily dashed. I am pragmatic and hence used the word "temporarily". The owner tried to contact the previous owner but couldn't get hold of him. A while later, after I had left, the owner said that the original owner had contacted him and said he was sure that he had the doc but wasn't back until 19th. Thus, there is some light at the end of the tunnel but I am not going to get too excited yet.

Well Derek, the 19th has come and gone. Has the PO come up with the goods?

 

[SEARANGER ANCASTER]

I dont get it ? You say you negotiated and agreed a price and shook on it , then there was the issue with the vat which was rectified but you have walked away after all that expenditure with surveys/travel etc ???


I suppose if its not for you , its not for you .