Entering The Third Phase Of Brexit- VAT And Customs Duty Considerations
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Freeports In The UK To Become Part Of The UK s New International Trading Arrangements
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Unprecedented collaboration brings VAT and customs clarification for recreational boaters and companies. © RYA
Following the UK s withdrawal from the EU, there have been many questions which have caused confusion and uncertainty for the leisure marine sector both in the UK and in the EU27. Arguably, the biggest has been around the VAT status of recreational craft at the end of the transition period.
In an unprecedented declaration of unity, the International Council of Marine Industry Associations (ICOMIA), European Boating Industry (EBI), European Boating Association (EBA), British Marine (BM) and the Royal Yachting Association (RYA) joined forces to provide clarification on VAT and customs for recreational boating companies and users. Showing the value of cooperation and membership organisations, the five organisations have taken the exceptional decision to release this guidance to members and non-members.
Guidance Check if you can declare goods you bring into Northern Ireland not ‘at risk’ of moving to the EU
Find out if goods you bring into Northern Ireland are not ‘at risk’ of moving to the EU such that EU tariff will not be due on those goods.
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You’ll need to make declarations and may need to pay any tariffs due when bringing goods into Northern Ireland from Great Britain or other countries outside of the EU. Whether you have to pay a duty, and how much that duty is, will depend on where you’re bringing the goods from and if they’re ‘at risk’ of onward movement to the EU.