Yachting And Brexit The Importance Of A Yacht S Location On 31 December 2020 Sentient

Yachting And Brexit The Importance Of A Yacht S Location On 31 December 2020 Sentient

Brexit And The Implications On Yacht Owners Compare Yacht Insurance

Brexit And The Implications On Yacht Owners Compare Yacht Insurance

Brexit For Boat Owners Expert Advice Updated Practical Boat Owner

Brexit For Boat Owners Expert Advice Updated Practical Boat Owner

Superyachtnews Com Press Releases The Day Brexit Came True A Spanish Point Of View

Superyachtnews Com Press Releases The Day Brexit Came True A Spanish Point Of View

Brexit Benefits For British And Non British Boat Owners The Islander

Brexit Benefits For British And Non British Boat Owners The Islander

Uk Part 1 Boat Registration After Brexit Yacht Registration Company

Uk Part 1 Boat Registration After Brexit Yacht Registration Company

Uk Part 1 Boat Registration After Brexit Yacht Registration Company

The location of the yacht on the day of Brexit may affect the Customs and VAT status of the yacht and therefore the following scenarios may be possible as recently published by the Royal Yachting Association.

Yacht owners brexit. It is advising owners to put together evidence of VAT status such as documentation of VAT paid and evidence of where their yacht was at the end of the transition period such as a confirmatory letter from a marina and maintenance invoices. You have until 31 December 2021 to get your boat back to the UK. This is how you do it.

EU27 VAT Paid Yachts. All details are correct at the time of publishing. Yacht based within the EU owned and flagged in the UK.

On the 31st of December 2020 or whenever the transition period ends any UK VAT Paid yacht will maintain its EU Goods status if it is IN the remaining EU27 Customs Union. This applies to any vessel of any flag where VAT was paid in the UK. TA is only available to non-EU owned assets which UK owned yachts will be after 31 December 2020.

Its not all bad news. However if your boat remains in Greece through 31 December 2020 it will be deemed to be EU VAT paid. The first issue is to maintain your EU Goods Status.

It is important for yacht owners to ensure any relevant documentation that can be used to demonstrate their yachts location at 11pm UTC on the 31st December 2020 is retained in order that the status and movement of the yacht post-Brexit can be determined accordingly. Following the end of the Brexit transition period there should be no reason why a UK registered commercially registered charter yacht will not still be able to charter within the EU provided that the owning charter company follows all relevant fiscal obligations and provided that there are no regulations at a national level that specifically prohibit the charter of yachts registered in third countries for example Greece currently prohibits the charter of non-EU flagged yachts. British yacht owners with boats moored in the Mediterranean have been thrown a temporary lifeline after the UK government delayed plans to force them to pay a double tax bill on their vessels after.

As most chartered yachts are already owned by a company the changes may not that be significant depending upon what the set up was before Brexit. We cover many different types of vessel so youre sure to find the right cover for your craft. Following the end of the Brexit transition period there should be no reason why a UK registered commercially registered charter yacht will not still be able to charter within the EU provided that the owning charter company follows all relevant fiscal obligations and provided that there are no regulations at a national level that specifically prohibit the charter of yachts registered in third countries for example Greece currently prohibits the charter of non-EU flagged yachts.

Boat Owners Need To Carry Vat Proof Onboard Post Brexit Yachting Monthly

Boat Owners Need To Carry Vat Proof Onboard Post Brexit Yachting Monthly

Brexit The Aftermath And What It Means For Sailing

Brexit The Aftermath And What It Means For Sailing

Brexit We Re Sunk Say Yachties Who Must Pay Vat To Come Home News The Sunday Times

Brexit We Re Sunk Say Yachties Who Must Pay Vat To Come Home News The Sunday Times

Uk Boat Owners Must Carry Proof Of Vat Paid Status At All Times Post Brexit

Uk Boat Owners Must Carry Proof Of Vat Paid Status At All Times Post Brexit