jamesjermain
Active member
As I understand it VAT is payable at the first port of call in the EU. in other words you can't keep a boat in Croatia and pay VAT in Spain. You have to sail from Croatia to Spain without calling at any other EU port
Workable VAT Plan ?
- Thread starter v89122
- Start date
Oliveoyl
New member
In which case, I'd think about sailing to Cyprus (15%) or Malta (18%), both closer than Spain at 16%. Am still trying to work out how to sail our boat to Luxembourg (15%)
Oliveoyl
New member
Re depreciation vs VAT saving - all depends where you're coming from. If less than geriatric, and comfortably off, I could understand wanting a boat that will keep it's value, even if the VAT bill is a bit higher. But if it's a "twighlight years" purchase, the objective may to get as much cruising done in the time available, for lowest outlay.
Capn Pugwash
New member
Been there - done that. Imported yacht from USA to UK via Azores in June this year. VAT rate was 15% - handled via Mid Atlantic Yacht Services and was very quick and informal.
If you want more details etc. feel free to IM me. /forums/images/graemlins/shocked.gif
P.S. Age of yacht immaterial - that only reduces your liability for import tax! 1985 rule is a myth.
If you want more details etc. feel free to IM me. /forums/images/graemlins/shocked.gif
P.S. Age of yacht immaterial - that only reduces your liability for import tax! 1985 rule is a myth.
v89122
New member
OK Thank You - All comments gratefully received. But nobody commented on the suggested wheeze to get separate billing for the basic boat and the extras - then present only the basic boat bill as the initial sale value - how is this policed ? - if at all ?