Originally Posted by atoll
there is no such thing as a vat exemtion certificate,what he is referring to is your TIP or temporary import permit.
EU VAT laws specifically allow for a VAT excemption form. It is issued to a qualifying person to demonstrate that the activity they are engaged in is a except from VAT and hence suppliers may legally zero rate their supplies even though the purchase is taking place in the country.
The thing is, EU VAT law does not recognise a leisure boat as being VAT exempt, this only applies to commercial
vessels engaged in trade
. Ive never seen one in relation to a yacht. I wonder are your suppliers used to dealing with ships.!
This is has nothing to do with TIR ( Atoll its TIR not TIP). The VAT relief on the boat is automatically available to qualifying owners and does not have to be applied for. ( its a EU wide law)
To summarise a US leisure vessel generally can not claim "yacht-in transit " rules as these don't really apply anymore inside the EU.
HOWEVER you are entitled to reclaim VAT if the items are actually exported subsequent to purchase, typically within 90 days. Some suppliers will take a risk and zero rate on sale
on the assumption that you will export. But it is the supplier who takes the risk.
Addendum: EU VAT law allows for a process known as "inward processing relief", This is where you make an arrangement with Customs , that an asset outside the EU, is being brought in for repair or modification and then re-exported. ( and no VAT is applied on it or the mods/repair) On approval, they will issue documentation , which in essence is a VAT exemption certificate
However IPR, is typically only issues to people habitually engaged in such activity, ( but the EU directive is not specific ). It the work is extensive and expensive, you can apply for IPR via the local customs. UK customs would for example be aware of it.
This is an alternative to the reclaim procedure.