, 2023-01-06 00:41:41,
UK residents who bought EU VAT paid boats and based them in the EU will still have to pay VAT again if they want to return their boats to the UK
UK sailors, who bought and kept their yachts in the EU before Brexit, will have to pay VAT for a second time if they decide to bring their yachts back to the UK.
Her Majesty’s Revenue and Customs (HMRC) had previously stated in April 2019 that UK owned boats would retain their UK VAT paid status, whatever their location on the day the UK left the EU, with owners able to claim Returned Goods Relief.
This position was reaffirmed by HMRC in November 2020, but by mid-December 2020, HMRC reversed their position, leaving owners just days to return their boats to the UK before the end of the Brexit transition period on 31 December 2020.
Since then, the UK marine industry, including the Association of Yacht Brokers and Agents (ABYA), Royal Yachting Association (RYA), British Marine, and The Cruising Association (CA), has lobbied the Government to reverse their decision and allow recreational boat owners, established in the UK, who lawfully purchased and kept their boat in the EU at the time the UK was an EU member, to be eligible for Returned Goods Relief.
But HMRC has now confirmed that no changes will be made to the VAT rules for boats located in the EU on 31 December 2020,…
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