Vat and Douglas

[mainshiptom]

If a boat registered in douglas is that a hint to no vat?

Tom

 

[jfm]

A very slight hint, but it doesn't tell you anything for sure

 

[mainshiptom]

Thanks, it just the broker was very keen on me until I asked the vat proof question?

Tom

 

[guernseyman]

Unlike the Channel Islands, the Isle of Man has VAT, at the rate of 17.5%.

 

[jfm]

It does indeed, under a kind of tax sharing deal with the UK Revenue, but IoM still features heavily in a number buy-a-boat-without-VAT structures, so is a slight hint and would make you want to check

 

[Nautical]

PM if you want info, some very good HM C&E approved schemes and some no so (as apply's everywhere).

 

[guernseyman]

[ QUOTE ]
...IoM still features heavily in a number buy-a-boat-without-VAT structures...

[/ QUOTE ]

How does that work?