Delay in VAT changes on yachts returning from Europe

The Association of Yacht Brokers and Agents (ABYA) has been lobbying HMRC for the past eighteen months to make changes to the existing Return Goods Relief (RGR) scheme. The new changes would enable anyone who purchased a vessel, pre 31st December 2020 based in Europe, on which they have evidence that UK/EU VAT has been paid, to return the vessel to the UK under the Return Goods Relief scheme without having to pay VAT again.

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