alexincornwall
Active member
Hi all,
Advance apologies as I'm sure that this has been done to death in other threads, but I’m politically inept and admit to having shown little interest whilst the Brexit rule makers battle it out. Reading the RYA's latest release however, perhaps now is the time to take a much closer inspection based on our future plans…
Brexit - what happens next? | Current Affairs | Knowledge & Advice | RYA - Royal Yachting Association
On the subject of where a boat floats on NYE 2020, my interpretation of the write up is that being a reasonably adventurous owner of a UK flagged yacht, having the boat positioned in France, or anywhere in the EU for that matter, on 31/01/20 offers nothing but advantages assuming it has returned to the UK by 31/01/21:
- The boat would not fall foul of the reported 90 in 180-day rule, which would essentially prevent us from seeing out our short-term plan of leaving her in the Algarve next winter, with a longer-term plan of potentially leaving her in the med full time
- The boat will retain its EU VAT paid status making it a far more valuable asset if it were likely to appeal to foreign buyers
- No VAT would be payable on return to the UK because the boat will be back in Blighty before 31/01/21 and will therefore be considered domestic goods
Have I understood this correctly?
If so then I think I’m going to have to have to seriously think about putting in another channel crossing before the year is out, hardly ideal given Covid restrictions and quarantine requirements, not to mention the probability of nasty weather (though counter balanced by a restocked cellar). In terms of proving whose bit of water the boat was sat on at that time, would a simple marina invoice suffice?
For the avoidance of doubt, my post is entirely boat orientated and not related to customs and entry requirements for skipper and crew.
Advance apologies as I'm sure that this has been done to death in other threads, but I’m politically inept and admit to having shown little interest whilst the Brexit rule makers battle it out. Reading the RYA's latest release however, perhaps now is the time to take a much closer inspection based on our future plans…
Brexit - what happens next? | Current Affairs | Knowledge & Advice | RYA - Royal Yachting Association
On the subject of where a boat floats on NYE 2020, my interpretation of the write up is that being a reasonably adventurous owner of a UK flagged yacht, having the boat positioned in France, or anywhere in the EU for that matter, on 31/01/20 offers nothing but advantages assuming it has returned to the UK by 31/01/21:
- The boat would not fall foul of the reported 90 in 180-day rule, which would essentially prevent us from seeing out our short-term plan of leaving her in the Algarve next winter, with a longer-term plan of potentially leaving her in the med full time
- The boat will retain its EU VAT paid status making it a far more valuable asset if it were likely to appeal to foreign buyers
- No VAT would be payable on return to the UK because the boat will be back in Blighty before 31/01/21 and will therefore be considered domestic goods
Have I understood this correctly?
If so then I think I’m going to have to have to seriously think about putting in another channel crossing before the year is out, hardly ideal given Covid restrictions and quarantine requirements, not to mention the probability of nasty weather (though counter balanced by a restocked cellar). In terms of proving whose bit of water the boat was sat on at that time, would a simple marina invoice suffice?
For the avoidance of doubt, my post is entirely boat orientated and not related to customs and entry requirements for skipper and crew.
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