VAT exemption on pre 1985 - SailNet Community
 
LinkBack Thread Tools
post #1 of 4 Old 12-07-2010 Thread Starter
Junior Member
 
Join Date: May 2010
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
 
VAT exemption on pre 1985

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.
Bobby
Sprinter32 is offline  
Quote Quick Reply Share with Facebook
Sponsored Links
Advertisement
 
post #2 of 4 Old 12-07-2010
Senior Member
 
Liquorice's Avatar
 
Join Date: Nov 2007
Location: Alberta, Canada
Posts: 170
Thanks: 0
Thanked 3 Times in 3 Posts
Rep Power: 8
 
I doubt most readers on this forum know what VAT is!
Try:
Practical Boat Owner's Reader to Reader - Yachting and Boating World Forums
This is a Brit sailing forum - someone there will know.
sam :-)

sam :-)
Just because you're paranoid ...doesn't mean they're not after you!
Liquorice is offline  
Quote Quick Reply Share with Facebook
post #3 of 4 Old 12-08-2010
tdw
Super Fuzzy Moderator
 
tdw's Avatar
 
Join Date: Oct 2006
Location: Sydney Australia
Posts: 16,402
Thanks: 15
Thanked 103 Times in 97 Posts
Rep Power: 10
     
Quote:
Originally Posted by Sprinter32 View Post
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.
Bobby
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

“Life is a trick, and you get one chance to learn it.”
― Terry Pratchett, Nation

Malo 39 Classic
tdw is offline  
Quote Quick Reply Share with Facebook
post #4 of 4 Old 12-09-2010 Thread Starter
Junior Member
 
Join Date: May 2010
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
 
VAT exemption on pre 1985

Thanks for that one, So a bargain is not quite as good as it appears.
I think looking in the US for a boat is out for me.
Bobby.
Sprinter32 is offline  
Quote Quick Reply Share with Facebook
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.


User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
1985 Oyster SJ 35?? Petar Boat Review and Purchase Forum 0 06-02-2009 12:49 AM
Congress Restores Exemption for Rec Boats Cruisingdad General Discussion (sailing related) 1 07-30-2008 02:43 PM
Tax exemption SimonV Boat Review and Purchase Forum 0 12-05-2007 12:52 AM
Pearson KCB 34 1985 DLM Boat Review and Purchase Forum 8 01-01-2007 08:50 AM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome