BB/35D/04 VAT—clarification of the VAT liability of ships supplied to customers who intend to use them as residential accommodationBusiness Brief, Issue 35. 31 December 2004This Business Brief article clarifies Customs' policy on the application of the zero rates for ships and houseboats. Those involved in the supply, repair and maintenance of ships, and their customers, should read this Business Brief article.Background“Qualifying ships” – are zero-rated for VAT purposes. A “qualifying ship” is defined as a ship which is over 15 gross tons and is neither designed nor adapted for use for recreation or pleasure. Such ships usually have clear features of a commercial design, such as a
Business Brief, Issue 35. 31 December 2004
This Business Brief article clarifies Customs' policy on the application of the zero rates for ships and houseboats. Those involved in the supply, repair and maintenance of ships, and their customers, should read this Business Brief article.
“Qualifying ships” – are zero-rated for VAT purposes. A “qualifying ship” is defined as a ship which is over 15 gross tons and is neither designed nor adapted for use for recreation or pleasure. Such ships usually have clear features of a commercial design, such as a
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