vat from guernsey

[apcpuk]

we were hoping to buy a boat from guernsey, but are not sure if we have to pay vat on our return to portsmouth. we have been told that vat is not payable on boats over a certain age the boat is 1973, also if we do have to pay vat where and who do we pay it to? do you have to pay on the day that you enter port or is there a time limit?
thanks in advance for any help that anyone might be able to give
lew


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[smee]

It depends whether you have proof that your boat was built before or after April 1973. If before then it isn't liable for VAT.
However if it was built after April (when VAT was introduced) it will be liable for VAT, and will be liable at first point of entry into EU, this also applies if VAT has been paid previously in the yachts ownership history.
THe VAt should be paid to the Customs Office at the port, most likely.

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[ubuysa]

Full details of the VAT posistion on yachts can be found on the customs and excise website at <A target="_blank" HREF=http://www.hmce.gov.uk/forms/notices/ukyachts.htm>http://www.hmce.gov.uk/forms/notices/ukyachts.htm</A>.

Tony C.

<hr width=100% size=1>There are 10 kinds of people, those who understand binary and those who don't.