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Collaboration between leading leisure marine representative bodies yields positive confirmation on post-Brexit VAT interpretation

New guidance on Post-Brexit EU VAT status of second hand boats 0shares Marine organisations in the UK and EU have come together to release guidance on the EU VAT status of second hand boats following Brexit Confusion over the VAT status of second hand boats in Europe following Brexit has led to the guidance being issued. Credit: Getty Confusion over the EU VAT status of second hand boats following Brexit has led to leading marine bodies in Europe and the UK collaborating to issue new guidance. The International Council of Marine Industry Associations (ICOMIA), European Boating Indust...

Additional Information (AI) Statement Codes for Data Element 2/2 of the Customs Declaration Service (CDS) Find out the codes to be used to provide additional information in Data Element (DE) 2/2 of the customs declaration or clearance request (Appendix 4). From: Contents This Appendix provides details of the codes to be used to provide additional information in Data Element ( DE) 2/2 of the customs declaration or clearance request. The completion of codes will be determined by the: Procedure or Additional Procedure Codes used in DE 1/10 or 1/11, The commodity code details declared ...

8th April 2021 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 Following the UK’s withdrawal from the EU, there have been many questions that 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 recreatio...

An Irish customs expert says she has found a solution to the Brexit "Percy Pigs" problem, that could result in retailers here avoiding having to pay hundreds of millions of euro in tariffs each year.