Monthly Archives: April 2016

VAT: VBNB46000 – Specific issues: letting on hire of boats and aircraft

I have been asked about the hiring out of boats / yachts and VAT. As a first “port of call” (!) I would refer you to VBNB46000 – Specific issues: letting on hire of boats and aircraft  which is available … Continue reading

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VAT and Boats: Everett Case and Boat with an Engine

In the Everett and London Tideway Harbour Co. case (1994) two Dutch barges were moored on the Thames and used as residences. Even though the engines were hardly ever used because both vessels had their own means of propulsion they … Continue reading

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VAT and Boats: 15 Tons Limit

My video explaining the basic concept of the 15 tons weight limit as it relates to VAT (Value Added Tax) and boats is out now on YouTube and will be on my website with a fact sheet in the next … Continue reading

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VAT and Boats – Sailaway Boats Notice 703/2

HMRC “VAT Notice 703/2: sailaway boats supplied for export outside the EU”, from December 2011, deals with zero-rating VAT on boats, yachts or ships to be exported outside the EU by an overseas visitor. UK residents can no longer purchase … Continue reading

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VAT and Boats – VAT Act 1994

To zero-rate a boat or ship for VAT it has to be over 15 tons and a “qualifying ship” under VAT Act 1994, schedule 8, group 8. Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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VAT and Boats: The Qualifying Ship Test

As a tax barrister I have found that an area of VAT law, relating to boats / ships, that often causes confusion is the “qualifying ship” test. This test determines whether a boat is zero-rated for VAT. To help explain … Continue reading

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EU and Andorra Trade Agreement

Customs Paper 2 of 2016 from HMRC gives brief details of alterations to the trade agreement between the EU and Andorra in December 2015. Key changes are on the definition of “originating goods” and administrative co-operation. The Principality of Andorra … Continue reading

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