VAT on marina fees

H

Hangie

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Hi Everyone,

I was following today announcement from the Chancellor. One of the points was the VAT rate drop from 20% to %5 on hospitality.

Quote:
“This cut will apply to eat-in or hot takeaway food from restaurants, cafes and pubs, accommodation in hotels, B&Bs, campsites and caravan sites, attractions like cinemas, theme parks and zoos.”

I got my monthly berth renewal at Chichester marina soon I’m curious if we I/we could benefit from those cuts too.
 
I certainly think visitor rates should be amended to reflect the change in VAT. I don’t think the other berthing rates will change. Visitor rate could apply to daily, weekly or monthly. So you could be better off renewing as a visitor on a monthly rate.
i will be watching to see what MDL, Premier etc will do.
 
I'm interested in exactly those two :)
Chichester Marina is Premier and for late season I'm moving closer to the home to Penton hook which is MDL.

15% discount would be nice to have.
 
The idea of the scheme is to kick start tourism and hospitality. So places like Yarmouth, Lymington etc should from next Wednesday be offering visitor berths at the new Vat rate of 5%. I just wonder if they will be slow to react. Each waiting for the other.
 
stuartwineberg said:
Fairly certain that the price wont fall in any sector, just that the govt is in effect giving them a 15% increase in revenue
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I think that’s the worry. The idea is to tempt people to spend again. If the businesses don’t pass on the savings confidence won’t return. I hope when the details come out part of the registration process makes clear the savings have to be passed on. Anyone flouting that gets heavily punished.
Basically the idea is people can’t resist a bargain. Get them tempted in with a bargain and they may overcome their concerns and continue to come back.
 
Another great "update" with absolutely no refereence to boats, boating or marinas. No one speaking up for us?
 
stuartwineberg said:
Fairly certain that the price wont fall in any sector, just that the govt is in effect giving them a 15% increase in revenue
Click to expand...
That will go some way towards making up for their reduced capacity from the lack of rafting?
From what I've heard, caravan sites are booked solid until October, but maybe they are not cramming in so many vans?
 
Governments do everything based on winning votes. Not many votes to be had in reducing the VAT on yachts in marinas and not many members of the public sympathising when it doesn't happen.
 
Yes it was just mind shortcut. I know it will be a bit less than 15% and as you have calculated 12.5%.

As for companies keeping profit I don’t think it would be right as plan is to bump demand by lowering prices for the consumers.
It would be easy to check, just look at a recipe/invoice and check VAT rate. If it is 5% but you pay the same that is not right.

It all depends if marinas will qualify like camp sites do. I hope they are :) for those who are paying annually you could still benefit on short stays outside your home port.
For boaters like myself who stays few months here and few months there, we could save some £ on berthing and spend more on fuel.
 
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