Super Fuzzy Moderator
Join Date: Oct 2006
Location: Sydney Australia
Thanked 125 Times in 116 Posts
Rep Power: 10
Hi can anyone out there tell me, If I were to buy a boat age of build 1982 from the us and have it skippered to the UK ,Will I be liable for vat, assuming the boat has not been out US waters .
Or is it true that no one will bother to chase it up?
hope someone can shed light on this.
Presuming you mean to keep the boat in the UK permanently.
Strictly speaking yes you will. Had the boat been built in the UK it would be exempt but importing will make you liable for both import duty (if applicable) and vat. (VAT being a retail sales tax , also known as GST.)
OK I am speaking from an Australia perspective but as soon as your boat is cleared in then the tax man is going to be onto it. Standard customs protocol.
Andrew B (Malö 39 Classic)
“Life is a trick, and you get one chance to learn it.”
― Terry Pratchett.