Re: [Amel] Further VAT liability on vessels returning to UK from outside EU


Horst Pause <horst.puddleduck@...>
 

Hi Frank,

Why don't you ask Customs and Excise? They were very helpful during the
re-importation of one of my boats.

Also, as far as I know, there are some islands in the Caribbean that are part of
the EU - St Martin? + others.

Hope you are well,

Horst





________________________________
From: "bootlegger@mailasail.com" <bootlegger@mailasail.com>
To: amelyachtowners@yahoogroups.com
Sent: Sat, 19 March, 2011 16:57:17
Subject: Re: [Amel] Further VAT liability on vessels returning to UK from
outside EU


Many thanks for your detailed response.

I wonder whether anyone else can add to your comments on this apparent double
VAT hit on EU registered and VAT paid boats that have spent three years outside
the EU VAT area?

Frank Newton

Bootlegger of Mann
SM2K 321
Nanny Cay Marina
Tortola
BVI

Bootlegger@mailasail.com
------Original Message------
From: rxc
To: amelyachtowners@yahoogroups.com
ReplyTo: amelyachtowners@yahoogroups.com
Subject: Re: [Amel] Further VAT liability on vessels returning to UK from
outside EU
Sent: 15 Mar 2011 15:04

I believe that this is true here in France. When I first read it, I was a bit
shocked, but I think it may be an EU-wide issue. I wonder if you could avoid
this by a change of residence. There is another provision in EU law that
exempts boats that accompany someone in a change of residence from outside the
EU to inside, from VAT and customs duty. I used this provision to avoid VAT on
my boat when we came here to France, and we have not had any problems to date,
even with customs inspections in France and Spain.


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


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