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04-11-2004, 03:06 PM
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#1
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Registered User
Country: england
Location: southampton
Occupation: engineer
Interests: lots
Boat make: scorpion 8.1
Engines: 250HO
Cruising area: solent
Join Date: Mar 2004
Location: southampton
Posts: 1,353
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Vat??
why would a second hand boat hat lives in the uk have VAT charged on it??
cheers glen
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04-11-2004, 03:17 PM
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#2
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numbskull
Country: United Kingdom
Location: South
Occupation: none
Interests: none
Boat name: Leviathan
Boat make: Phantom 28
Cruising area: South Coast
Join Date: Mar 2004
Location: South
Posts: 15,959
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It must have been originally sold outside the uk, and not had VAT charged when new, then it's been brought back in to the UK, but hasn't yet have the VAT payed, which of course should have been payed when it came back in to UK waters, if it were on a permanent basis.
beyond that, I dunno.
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"I Agree with everything you say really!" - John Cooke to Jon Fuller - 26-01-2013
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04-11-2004, 03:19 PM
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#3
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Registered User
Country: england
Location: southampton
Occupation: engineer
Interests: lots
Boat make: scorpion 8.1
Engines: 250HO
Cruising area: solent
Join Date: Mar 2004
Location: southampton
Posts: 1,353
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its 10months old and ,lived in dorset all its life!! 
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04-11-2004, 03:20 PM
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#4
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numbskull
Country: United Kingdom
Location: South
Occupation: none
Interests: none
Boat name: Leviathan
Boat make: Phantom 28
Cruising area: South Coast
Join Date: Mar 2004
Location: South
Posts: 15,959
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sounds strange TD may know, he's well versed with vat.
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"I Agree with everything you say really!" - John Cooke to Jon Fuller - 26-01-2013
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04-11-2004, 03:37 PM
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#5
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The Doc
Join Date: Mar 2004
Posts: 8,290
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and probably how best to avoid it!
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04-11-2004, 03:51 PM
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#6
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Registered User
Country: Job Centre
Location: In a box
Occupation: Chaos's gofer
Interests: Skiving
Boat make: Spectre 30
Engines: 2 x Promax 225
Cruising area: In the bath
Join Date: Mar 2004
Location: In a box
Posts: 5,201
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Quote:
Originally posted by Captain Chaos
and probably how best to avoid it!
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Oi, I resemble that remark!!! Me and customs and excise have an understanding, I don't pay any, and in return I don't ask for any back. 
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04-11-2004, 03:52 PM
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#7
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Registered User
Country: Job Centre
Location: In a box
Occupation: Chaos's gofer
Interests: Skiving
Boat make: Spectre 30
Engines: 2 x Promax 225
Cruising area: In the bath
Join Date: Mar 2004
Location: In a box
Posts: 5,201
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Quote:
Originally posted by glen76
its 10months old and ,lived in dorset all its life!!
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Maybe it's company owned.
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04-11-2004, 03:56 PM
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#8
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The Doc
Join Date: Mar 2004
Posts: 8,290
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yeh, i tried that arrangement with me trout!
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04-11-2004, 04:10 PM
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#9
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Registered User
Country: england
Location: southampton
Occupation: engineer
Interests: lots
Boat make: scorpion 8.1
Engines: 250HO
Cruising area: solent
Join Date: Mar 2004
Location: southampton
Posts: 1,353
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ah it could be company owned, the guy is a broker. but with the VAT it comes out about £500 cheaper than a new one!!!  does that mean he would have claimed the VAT back or never paid it?? 
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04-11-2004, 04:19 PM
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#10
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Registered User
Country: Job Centre
Location: In a box
Occupation: Chaos's gofer
Interests: Skiving
Boat make: Spectre 30
Engines: 2 x Promax 225
Cruising area: In the bath
Join Date: Mar 2004
Location: In a box
Posts: 5,201
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The broker could have claimed the vat back when he bought it new, and so has to charge vat when he sells it.
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04-11-2004, 04:25 PM
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#11
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Registered User
Country: england
Location: southampton
Occupation: engineer
Interests: lots
Boat make: scorpion 8.1
Engines: 250HO
Cruising area: solent
Join Date: Mar 2004
Location: southampton
Posts: 1,353
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ok cheers td that explains it
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05-11-2004, 01:05 AM
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#12
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Registered User
Country: UK
Location: At home
Occupation: IT stuff
Interests: danger boat
Boat name: Blue Ice
Boat make: Scorpion RIB 7.5m
Engines: Just the one :-(
Cruising area: In the sea
Join Date: Mar 2004
Location: At home
Posts: 469
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Businesses have to register for VAT if their turnover exceeds a threshold - approximately £55k.
This is a big problem for brokers... if they let the purchaser deal directly with the vendor, they're gonna get cut out, yes? So I guess thet they handle the transaction - so a couple of sales per year and they're well over the VAT threshold (no danger for David B then!) which means they have to charge VAT, and their boats become 17½% more expensive - extremely bad news for a private customer.
However, a thread on the toob site a while ago suggested that marine brokers can take advantage of a scheme which applies to used car dealers, where they pay VAT only on the markup, not the total price.
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