In theory UK VAT is payable upon arrival in the UK unless the vessel qualifies for operation under the UK rules for Temporary Admission or if the vessel qualifies for a customs relief such as Return Goods Relief Inward Processing Relief or Transfer of Residence Relief.

Uk yacht vat. Ad Bare boats or crewed yachts Bavaria Lagoon Beneteau Jeanneau Fountaine Pajot. UK VAT paid yachts in the EU Yachts that are UK VAT paid will no longer be able to circulate freely in the EU from 1 January 2021. British boats thrown lifeline over double VAT after Brexit The amount of VAT yacht owners could face runs into thousands of pounds depending on the market value of the vessel when it returned to.

400 yachts available for sailing in 26 bases around the world. This was originally 31 December. The EU Commission has said that yachts located in the UK at the end of the transition period on which VAT was originally paid in an EU27 country may be entitled to an exemption to VAT payment if they enter the EU post-Brexit as returned goods.

VAT must be paid at 20 on all new vessels purchased in the UK by UK residents where the vessel is to be kept in the UK. We strongly advise that you get in touch with your marina or harbourmaster and get written confirmation that your boat was on her berth in the UK at this time. Although this is not conclusive proof VAT has been paid it indicates that the tax status is the responsibility of UK authorities.

Buying a pleasure craft in the UK for use in the EU. Ad Bare boats or crewed yachts Bavaria Lagoon Beneteau Jeanneau Fountaine Pajot. TA Temporary admission granted to visiting boats from third countries for up to 18 months.

RATS has asked the EU Commission for clarification of this issue and is waiting for their response. VAT when buying a used boat The Association of Brokers and Yacht Agents recommends that its members should obtain the relevant paperwork from the vendor before listing a yacht as being VAT paid. Clarification on UK VAT rules following Brexit.

Interestingly a UK national would probably be able to then use his yacht whether new or ex-VAT and brought to the EU for 18 months without payment of VAT. In response to a recent article published by the Financial Times in relation to British owners paying double tax on their yachts following Brexit it should be noted that this related to yachts currently owned by UK residents that are VAT paid situated outside UK waters and expected to return to the UK after 31st December 2020. If this is the case we will see a lot more UK yachts remaining in the Mediterranean and other EU seas rather than hurtling across the Atlantic to the Caribbean immediately on purchase.