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goboatingnow · 07-06-2009, 05:53

David

There is no proof of VAT, what you have ( and I had as well) was a unique document that state grandfarthered in pre VAT boats ( A one time experience). You possiblly get VAT questions because of a unique perspective. VAT is a transaction charge not an asset status, You can easily have a so called "proof of VAT", say a previous sales invoice, but that does not prove anything, you may have bought the boat outside the EU ( whereas the boat was VA Paid). You are still due for VAT.

The reason most people say VAT " dont worry" , is that exceoting those boats from known VAT free areas which the french hate anyway. VAT for an EU boat is only the preserve of the original country. Once you can show that the boat is in a EU country say by way of registration, then foreign VAT is NEVER the question. It is not and isnot under say french VAT durisdiction. VAT " inspections" abroad are an urban myth. They tend to only happen to people in very specific circumstances, such as boats from known VAT free areas ( often owned by EU citizens and hence owned illegaly brought into france ona holiday). EU reged boats are alomots never VAt queried unless something is wrong with the paperwork of registration or the owner seems dodgy,

Again the main reason "VAT dont worry" , is that there is NO PROOF. In my case I always look for a VAT indemnity, rather then so called proof. That way if ever I have a problem I have a strong legal recourse to recovering the tax from the previous owner. You and other s go on about VAT proof, but again there is no real proof and cuatoms do not issue determiunations on specific assts. If you undertsand how VAT is accounted and paid for by business you would understand why VAT proof is not the issue.

07-06-2009, 05:53	#31
goboatingnow Registered User Join Date: Jun 2009 Posts: 161	David There is no proof of VAT, what you have ( and I had as well) was a unique document that state grandfarthered in pre VAT boats ( A one time experience). You possiblly get VAT questions because of a unique perspective. VAT is a transaction charge not an asset status, You can easily have a so called "proof of VAT", say a previous sales invoice, but that does not prove anything, you may have bought the boat outside the EU ( whereas the boat was VA Paid). You are still due for VAT. The reason most people say VAT " dont worry" , is that exceoting those boats from known VAT free areas which the french hate anyway. VAT for an EU boat is only the preserve of the original country. Once you can show that the boat is in a EU country say by way of registration, then foreign VAT is NEVER the question. It is not and isnot under say french VAT durisdiction. VAT " inspections" abroad are an urban myth. They tend to only happen to people in very specific circumstances, such as boats from known VAT free areas ( often owned by EU citizens and hence owned illegaly brought into france ona holiday). EU reged boats are alomots never VAt queried unless something is wrong with the paperwork of registration or the owner seems dodgy, Again the main reason "VAT dont worry" , is that there is NO PROOF. In my case I always look for a VAT indemnity, rather then so called proof. That way if ever I have a problem I have a strong legal recourse to recovering the tax from the previous owner. You and other s go on about VAT proof, but again there is no real proof and cuatoms do not issue determiunations on specific assts. If you undertsand how VAT is accounted and paid for by business you would understand why VAT proof is not the issue.