News

The end of the Transition Period on 31 December 2020 will have significant implications for yacht owners. The UK will leave the EU Customs Union, which will have an impact on the VAT status of cruising yachts – both immediately at the end of the Transition Period and on an ongoing basis.

Over 40 skippers and crew joined the first Zoom meeting of CA’s Crewing Service, held on Thursday 24 November.

Members of the CA’s Regulations and Technical Services group, better known to members as 'RATS', are hosting a webinar exclusively for members, entitled "Brexit issues for cruisers" on Saturday 5 December at 10am.

We have a sleigh full of Christmas offers for members this year including discounted gift memberships, personalised unbreakable glasses and enough fantastic nautical publications to fill any stocking.

UK boat owners penalised by HMRC over Brexit

Background

HMRC has caused controversy amongst the many thousands of British yacht and motorboat owners that keep their boats in EU countries by introducing a penal interpretation into UK tax law requiring them to pay VAT a second time on the value of their boats when they bring them into UK waters.

Boats in EU may have to pay UK VAT on return

The CA understands that HMRC may be considering changing the interpretation of VAT rules so that, after the Brexit transition period, all boat owners established in the UK whose boats have been in the EU for the last three years or longer will pay VAT for a second time if they want to bring their boats back to the UK.