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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...

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...

SPE13320 - Equivalence: general You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals. “ Northern Ireland (NI) Customs Authorisations will continue to fall within the provisions of the Union Customs Code (UCC), as retained by the European Union (Withdrawal) Act 2018 and CEMA 1979 ”. If use of equivalence has been applied for the details in Box 18 of the application must be sufficient for a comparison to be made between free circulation materials used and those materials that will be entered to IP. Regardless...

An agreement has been reached – what does the successful conclusion of the negotiations mean? Brexit An agreement has been reached – what does the successful conclusion of the negotiations mean? Following the United Kingdom’s withdrawal from the European Union on 1 February 2020, the transition period agreed upon in the Withdrawal Agreement will end on 31 December 2020. The UK will thus leave the single market and the customs union and EU rules will no longer apply to it. Photo: Eric TSCHAEN/REA/laif With the agreement of 24 December 2020, the European Union and the UK have opened a ne...