For the latest regs you may want to take a look at "noonsite" on the web. They are very good with that kind of info.

Regards
Richard Piller

On Mar 14, 2011, at 17:29, bootlegger@... wrote:

An accountant here mentioned to me the other day that he understood if a
UK registered vessel was taken out of UK (or EU) waters for a period in
excess of three years from the date of its departure, the owner was liable
to pay full VAT on the vessel upon its return to the UK. That such a
requirement applied irrespective of the fact that full VAT had previously
been paid on the vessel at the time of its purchase.

This is news to me if true. Has anyone any knowledge on the subject to be
able to advise as to whether or not there is any substance to this
assertion?

Frank Newton
Bootlegger of Mann
Nanny Cay Marina
Tortola
BVI

[e] bootlegger@...

[t] + 44 7624 263263

[Non-text portions of this message have been removed]