VAT on new boat

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Fk prestige

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Hi am about to buy a new boat that will be delivered to Italy .
The dealer said now that we have brexit we don’t have to pay VAT and can stay in the EU for 18 months at which time we visit a non EU country collect a stamp then can return .
Anyone done this ?
If correct We are going to be close to Genoa where would be easiest non EU country
cheers
 
That is broadly correct. As a non EU resident you can use the Temporary Admission riles and keep the boat there for 18 months which is renewable after leaving the EU for a "short" period. States differ as to how this is monitored but I think you will find that Italy has a structured system to follow. I expect the dealer will know the details and may even liaise with customs to ensure you follow the correct process. If you do actually need to prove you have been in a non EU state then Montenegro is the most obvious, but they may accept evidence that you have been in international waters.

Good luck - this is not an unusual process. Swiss residents for example have been using it for years to keep their boats in the EU, particularly Italy and Spain.
 
About 7 yrs ago with super yachts the IT gov permitted an electronic chart plot as evidence as left EU waters .
This amendment was to facilitate owners buying VAT free boats and triggering the TI scheme.To encourage the home boat building industry.Give owners third party owners buying a boat an advantage doing it in Italy .
On the closing purchase day it’s sails from the yard into international waters off the coast* , money transfer done VAT free , then sailed back to the yard for any final fit out , pre del work etc.

Basically the Italians for this^^ , accept a plotter trace .Not necessarily a trip and stamp to a none EU nearby state .
So you might not need a none EU country to re trigger the TI .Just a plotter trace or sone other acceptable gadget ?

Wether that president has been extrapolated to every boat leaving is worth investigating.
Worth checking up on this .

* see map if Italian international waters .
 
Tranona said:
You will only pay VAT if you import the boat into the UK and then it will be based on the value at the time of importation. Other non EU states may also have duries and taxes due on importation.
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An aquaintance did exactly that. Took VAT free delivery of his UK built £1.5m boat in Guernsey and promptly sailed off on a 6 year cruise. On return, he imported the boat to UK and paid the VAT on an HMRC valuation of circa half the purchase price.
 
Goldie said:
An aquaintance did exactly that. Took VAT free delivery of his UK built £1.5m boat in Guernsey and promptly sailed off on a 6 year cruise. On return, he imported the boat to UK and paid the VAT on an HMRC valuation of circa half the purchase price.
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My boat was built in Canada. Its maiden voyage was to the isle of White. VAT was paid there on a valuation wich was about 1/3 of the build and fit out cost paid to the Canadian builder.
 
Does this mean we will see more numbers of boats being delivered in say griefswald by Hanse for example to uk customers to be kept in say a French marina vat free which leave France for a short period to visit Jersey ?
 
Pretty sure that Brexit will have opened up new opportunities for some to take advantage of the new different customs areas in close proximity. Similar things went on within the EU in the early days before things like excise duties and VAT rates converged. Remember the tobacco shops just across the border in Belgium and the wine warehouse in NE France, or the Swedish boats that were delivered to Germany where VAT was 19% (in Sweden 25%), kept there for 6 months and sailed back to Sweden as secondhand boats VAT paid. No problem with loss of sailing time if the 6 months was over the winter!

Used to run a whole course on exploitation of cross market price differentials starting with currency trading. The SNP are discovering it all over again even with their minor differences in tax and pricing regimes. Booze sales are booming in frontier towns like Berwick.
 
I don’t believe the flag makes a difference as anyone can fly a red ensign without registration -I am not a tax expert but I suggest it would be delivered by a delivery crew through the Kiel canal unflagged to your say French port of choice near an airport in Brittany etc if you can find a berth and the uk owner would just apply for SSR registration as usual if not having a boat in mortgage etc. maybe I’m missing something simple here though.
 
Major Tom said:
What flag would they be registered to?
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Flag/national registration and VAT status are two separate issues.

For example a friend bought a Norwegian built boat that was VAT paid in the Netherlands and berthed in Azores, Portugal. Being from "down under" he has now registered it in Australia, but has no problem keeping the boat in the EU as it is EU VAT paid.

Likewise my British registered and VAT paid boat can remain in the EU without additional VAT liablity as it was there on Brexit night, so is regarded as an EU boat (in free circulation) by local customs officials. However a number of British flagged boats here, the older ones, chose to pay Azores VAT (at 16%) to avoid any possible future EU cross border VAT problems.
 
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