VAT on boats is a favourite subject area for me. So I should advise tax fans that HMRC have advised that anyone involved in the manufacture / sale of caravans & houseboats, is a caravan site owner, or who provides accommodation in caravans & houseboats, or mooring facilities for houseboats should read HMRC Notice 701/20 (January 2014).
The main changes are:
◾ VAT liability of caravans changed with effect from 6/April/12 in accordance with the 2012 Budget announcements.
◾ 2.2 has been updated to outline those changes. Further information is available in VAT Information sheet 04/13.
You can find full details on HMRC’s website.
Tax Barrister, Accountant