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Old 18-02-2018, 17:19   #1
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Avoiding VAT tax?

Some of us were talking (crazy I know) about doing the 2019 Trans-Atlantic Race and would likely to do the Fastnet and perhaps even the Middle Sea in the Med in the fall as well. If we do, then we'd leave the boat "somewhere" for the winter. But where, to avoid paying the VAT tax on a US flagged vessel?

Your input is requested and appreciated.
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Old 18-02-2018, 17:25   #2
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Re: Avoiding VAT tax?

In general you get 18 months.
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Old 18-02-2018, 19:17   #3
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Re: Avoiding VAT tax?

Quote:
Originally Posted by Paul L View Post
In general you get 18 months.

Interesting and a bit surprised as I understood that it was 6 months if you were not on the vessel. I know it is longer if you are aboard. I believe that is why so many boat used to be left in Malta for the winter before it became part of the EU.
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Old 18-02-2018, 19:30   #4
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Re: Avoiding VAT tax?

Quote:
Originally Posted by Roniszoro View Post
Interesting and a bit surprised as I understood that it was 6 months if you were not on the vessel. I know it is longer if you are aboard. I believe that is why so many boat used to be left in Malta for the winter before it became part of the EU.
Quote:
5.9 Temporarily leaving the EU whilst the yacht is under Temporary Admission
If the vessel will remain in the UK, the periods of relief referred to in paragraphs 5.3 and 5.4 (boxes 1, 4 and 5) can be extended for the time that you temporarily leave the EU. In these cases you should write to the Temporary Admission Team at the following address to confirm:

that the vessel won’t be used in your absence (or if it will be used by another entitled person, details of that person)
where it will be kept
HM Revenue and Customs
Temporary Admission Team
Warwick House
67 Station Road
Redhill
RH1 1QU
Telephone: 01227 864 924 or 01737 734 664
Fax: 01227 864811
https://www.gov.uk/government/public...nd-from-the-uk
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