Commentary

703/2/20 Sailaway boats supplied for export outside the UK

Part V8 HMRC Notices
Part V8 HMRC Notices | Commentary

703/2/20 Sailaway boats supplied for export outside the UK

Part V8 HMRC Notices | Commentary

703/2/20
Sailaway boats supplied for export outside the UK

December 2020

This notice cancels and replaces Notices 703/2 (December 2011). It applies to supplies made after 1 January 2021.

It applies to supplies made in Great Britain exported out of the UK and to supplies made in Northern Ireland exported out of the UK to non-EU destinations. References to UK should construed accordingly.

Sales of boats between Northern Ireland and the EU are covered in Notice 728 New Means of Transport.

Find out what you need to do if you are making sales of goods between Great Britain and Northern Ireland or from Northern Ireland to the EU.

1 Overview

1.1 What this notice is about

This notice explains the procedures for zero rating the supply of a 'sailaway' boat that is removed from the UK under its own power. It explains which boat purchases are eligible and who is entitled to use the scheme.

Main narrative treatment—V4.306.

1.2 Changes to this notice

This notice has been updated to reflect changes to the VAT treatment of supplies of goods and services following the UK's departure from the European Union and the end of the transition period.

1.3 Who should read this notice

You should read this notice if you are:

  1.  

    •     a VAT registered person supplying a boat to an overseas person who will export the boat under its own power

  2.  

    •     an overseas purchaser of such boats

1.4 The UK law relating to the export of sailaway boats

Section 30(8) of the VAT Act 1994 and Regulation 129 of the VAT Regulations (Statutory Instrument

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