NEW 0% VAT on boats used in the EU

From January 1st, British citizens who buy a boat for private use in EU waters can do so with no VAT payable.

From January 1st, British citizens who buy a boat for private use in EU waters can do so with no VAT payable.

The new rule applies to any boat bought either new or used on which VAT has not been paid. The boat can be used in EU waters for 18 months. After that period, it will need to be removed from EU waters, but could then return for a further 18 month period. The new rules apply whether it is a boat from the UK, or one that’s been built or is already in the EU.

Contact us at Ventura for full details.

Ventura UK Limited, 47a South Audley Street, London, W1K 2QA, United Kingdom

Tel +44 (0)20 7495 2330