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Old 11-05-2018, 04:26   #1
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European VAT

I am considering the purchase of an FP Bahia which has not had VAT paid. However it has been refitted with a completely new rig which has probably had VAT paid on it. If this is correct can the VAT paid on the rig be discounted from the purchase price when entering Europe and agreeing to pay VAT?

It looks as though Malta would be the best place to enter Europe and pay VAT unless anyone has any better ideas.

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Old 11-05-2018, 05:03   #2
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Re: European VAT

probably not,as any recipts you may have will pre date your bill of sale.

but definitley worth trying if you do have an invoice for the work done that you can submit once you receive the customs valuation for the boat ,showing that a portion of vat has been paid.

i was able to write off most of the vat due on a boat i built in cyprus,pre vat,after doing a circumnavigation,then opting to pay the vat there 4 years later after they had joined the eu,by showing receipts that i had paid vat on all the materials at the time.

though i suspect this would not be the case if there was a change of ownership.
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