Helpful tips when considering cruising around the EU this winter

Published: 14 October 20

Due to this transition period, it has meant a lot of uncertainty for businesses and travellers so here is some advice…

UPDATE: As of 19th Oct the Returned Goods Relief has been EXTENDED to 31st December 2021  

The Royal Yachting Association and British Marine have released a joint statement on Brexit discussions with HMRC as the end of the transition period comes to a close. There is an urgent demand from the RYA and BM for the HMRC to consider the consequences that the uncertainty Brexit has had on the leisure boating and maritime industry. This comes after boaters are left wondering whether they will have to pay thousands in extra costs or risk having their boat stranded in EU water after the end of the transition period ending 31st December. 

The discussions with the HMRC started over 3 years ago which understands the “Returned Goods Relief (RGR) will only be available for goods returning to the UK provided that RGR conditions are met and that the goods must have been exported from the UK and return within three years of export.” – RYA & BM

After the transition period, all boat owners who bare established in the UK whose boats have not been in the UK in the past 3 years will pay VAT for a second time if owners want to bring their vessel back into the UK.

Both RYA and British Marine had prepared politicians that “Boat owners who will be affected are encouraged to write to their constituency MP explaining their own circumstances and seeking support for a three-year transition provision in Returned Goods Relief (RGR) legislation.”

With the information received from HMRC, the RYA and British Marine advise that if owners want to avoid the extra VAT charge then the ‘boat visits or is returned to the UK by 23:00 on 31 December in order to record a date of export’

More Information here 

Topics

EU Brexit

Recent News

ABYA YBDSA YDSA
Copyright © 2019 Association of Brokers and Yacht Agents Ltd. Registered in England no. 1898652.
Website by TheYachtMarket.