Commentary

RCB/38/11 VAT—Sailaway Boat Scheme – important change from 1 January 2012

Part V16 Forms and other HMRC material

RCB/38/11 VAT—Sailaway Boat Scheme – important change from 1 January 2012

RCB/38/11 VAT—Sailaway Boat Scheme – important change from 1 January 2012

Revenue & Customs Brief, Issue 38. 21 November 2011

Who needs to read this

VAT-registered businesses who sell pleasure craft to private individuals under the Sailaway Boat Scheme.

What is the change?

From 1 January 2012, the current concessionary treatment which allows a VAT-registered business to zero rate the supply of a sailaway boat to a UK resident who intends to keep it outside the European Community (EC) will be withdrawn. From this date the scheme can no longer be used for sales to UK residents.

However, a business can zero rate

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