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Old 25-04-2011, 13:15   #16
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Re: USA flagged VAT paid vessel in med?

I'm not sure why you'd want to re-register a boat under US colours if you aim to buy it in the EU and presumably wish to sell it 5 years on? Leave it under it's existing flag for the duration...............

FWIW most of the boats one sees in the Med under US flags are not owned by US people, but rather bought by a local (Greek / Turk / Italian) from a previous overseas owner, and then registered by that local usually via a company in Delaware or other low taxing US State and thereby avoiding any VAT payment at home.

Re VAT, I can remember getting advice that even a EU VAT paid boat that leaves the EU for more than (think it was 4 years but happy to have someone else clarify that) could be liable to pay it again on it's return. Reality is I've never once heard of this being applied but that professional advice was that it could be.

Good luck in buying your boat.
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Old 25-04-2011, 13:19   #17
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pirate Re: USA flagged VAT paid vessel in med?

I bought a "Bene' in St Martin that had been there nearly 3yrs... got the proof of VAT paid from France along with papers (owner had flown home 19mths earlier).
No Poblems when I got it back to the UK...
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Old 25-04-2011, 14:10   #18
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Re: USA flagged VAT paid vessel in med?

Quote:
Originally Posted by boatman61 View Post
I bought a "Bene' in St Martin that had been there nearly 3yrs... got the proof of VAT paid from France along with papers (owner had flown home 19mths earlier).
No Poblems when I got it back to the UK...
Yup, understood. We took our UK reg VAT paid away for 5 years and no issues when we got back either.
But the professional VAT advice was that the authorities COULD have asked us to pay it again............
Cheers
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