Boats are taxed like any return good. This is not rocket science. All very straightforward and routine as to international transactions.
You can claim a relief to pay less Customs
Duty and VAT if you re-import goods to the UK and EU.
Who can claim relief
You can get this relief if you are re-importing goods into the UK or EU that have previously been exported. This is known as Returned Goods Relief.
The goods must be re-imported in an unaltered state, apart from any work
that may have been carried out to maintain the goods in working order, the goods cannot have been upgraded to increase their value.
The goods must also:
have been in free circulation in the UK and EU when they were exported, unless they were originally declared to inward processing or end-use
not have been exported to be repaired or processed, if they were but the repair or process was not carried out, relief may still be available
be re-imported within 3 years of their export,
shorter periods apply to goods which benefited from agricultural measures at export
If only a proportion of the original export is returned, then subject to the conditions above, relief is available.
On re-importation, any duty suspended at the time of their original importation to inward processing must be repaid. Also, any agricultural refunds received on export must be repaid.
The requirement that the goods must be returned within 3 years can be waived in exceptional circumstances.
What you can claim relief on
You can get relief on goods being imported into the UK or EU following their export from the UK or EU as free circulation goods.
goods exported from the UK or EU as free circulation goods and benefited from agricultural measures
goods exported from the UK or EU following inward processing
goods previously declared to end-use, if the goods are put to the same authorised use when imported
goods temporarily exported using the Admission Temporaire/Temporary Admission (ATA) or Carnet de Passages en Douane (CPD) carnet procedures
goods that have been declared for an outward processing procedure and exported which remain:
unprocessed on re-import
in the same state as they were when originally exported
returned personal effects, vehicles, sports equipment or means of transport, which includes vessels.
returned professional and commercial equipment
that have been hired, leased or loaned outside the UK and EU
You can get relief on pallets, containers and packaging suitable for re-use, for example if they are:
used to import
goods to the UK or EU
pallets and containers previously exported or used to export goods from the UK or EU, and then re-imported to the UK or EU
In addition to customs requirements, when you claim VAT relief you must show the:
original export declaration with you as the exporter. This declaration is filed at the time you export, Do Not Forget to Declare Your Export, i.e., removed the boat from UK waters, literally derived from EXited the PORT. .
re-import declaration with you as the importer.
Time limits for returning goods
The goods must be returned no later than 3 years after they were exported in order to get this relief.
We may be able to waive this in special circumstances such as:
specialised goods returning to the UK from long-term hire or loan agreements outside the UK and EU
building equipment or machinery returning to the UK after use in capital projects outside the UK and EU
exhibition goods returning after long-term display or storage
outside the UK and EU
collectors’ or heritage items originally manufactured in the UK or EU and returning from overseas after re-acquisition by a UK dealer or investor, for example collectable items of furniture or ceramics
professional and personal effects returning with returning UK or EU expatriates
goods owned by Crown Servants returning to the UK after their postings overseas, the time limit for Crown Servants is currently 6 years, Crown Servants include:
When to claim
You should claim relief at the time of import.
If you do not do this, the UK may accept a late claim and repay the appropriate charges subject to conditions.