VAT warning for boats visiting Portugal
, 2022-12-07 00:20:08,
A boat owner, who is facing a VAT bill and fine from Customs in Portugal, is warning skippers to avoid sailing there from any non-EU country
There are warnings that skippers who visit Portugal after sailing from outside the EU could face a demand to pay VAT on their boats, even if EU VAT has been paid on their vessel.
David Varley, who has been a Portuguese tax resident since March 2020, has been presented with a €155,000 IVA bill and a €10,000 fine by Portuguese Customs for his Oyster 62, Dalliance. IVA is the Portuguese equivalent to VAT.
The boat is owned by a New Zealand limited company; Varley and his partner, Peter McLean, who is a New Zealand resident, are equal company shareholders.
Dalliance was purchased by the company EU VAT paid in Malta in 2019; she has been kept in the EU ever since.
Gibraltar is a British overseas territory and is not part of the Schengen Area, although negotiations are still ongoing so always check before you sail there. Credit: Getty
In Summer 2019, Varley sailed Dalliance through the Adriatic to Greece and then to Port Grimaud in France, where the vessel overwintered in 2019/2020.
In the summer of 2020, the Oyster 62 was cruised to Corsica, Sardinia, Majorca and Portugal, where the yacht overwintered at Vilamoura Marina in the Algarve.
Varley said in the summer of 2021, he sailed Dalliance from Vilamoura Marina to the Balearics, the west coast of Italy, and then back to Vilamoura Marina. They sailed through the territorial waters…
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