Hi. I am currently building my
boat in
South Africa and intend to take it to the
Med next year. I know that if I leave it in the EU for more than 18 months I will have to pay VAT, but how is the value of the
boat determined? I have a vague idea of how much it has cost me, but because I have done most of the
work myself, my cost is mainly the materials and kit that went into the boat. Also is there a big variation in the VAT charged in various EU countries, and if I pay VAT in one country, do the other countries accept this as a closed case then?