#Brexit - The European Boating Association (EBA) has urged its members to beware of the possible financial implications of having an EU boat in UK waters in the event of a no-deal Brexit.

In a circular to members, EBA general secretary Stuart Carruthers reiterates advice given at the association’s recent General Assembly in Helsinki, as received from the European Commission.

“In the event of a ‘no deal’ Brexit, boats which are lying in the UK at the time of Brexit will lose their Union status (ie they will lose their right to free circulation in the EU),” he writes.

“On their return to the EU they will be treated as non-Union goods and will be subject to customs controls in the same way as any other vessel coming from a third country would be. This could result in VAT and, if applicable, import duty being payable.”