UK boat owners are being encouraged to carry evidence supporting their vessels’ VAT status “at all times” in the latest advice from the British Government.
Marine Industry News reports on the new HM Revenue & Customs notice on ‘sailing your pleasure craft to and from the UK’, which also outlines customs requirements and important tax details for those intending to buy boats post-Brexit.
The new criteria bring much sought-after clarity to the situation of British boaters, resident in the UK and EU alike, who have feared being left in limbo regarding the tax and duty status of their vessels.
As reported on Afloat.ie last month, there were suggestions that, after Christmas, Irish marinas could see an influx of visiting boaters from Northern Ireland eager to secure their status as the transition period ends.
Their situation remains a grey area, however, with the new notice not covering movements between NI and Britain, and stating only that movements between NI and the EU will “continue to be treated as intra-community movements”.
Meanwhile, the new regime could be a particularly difficult one for those who build their own boats — as they would be required to present invoices for all materials used in construction.
Marine Industry News has more on the story HERE.
