HM Revenue and Customs (HMRC) has announced a 6-month extension to the 1-year grace period previously put in place by the government for returned goods relief. The announcement follows representations from the Royal Yachting Association (RYA) and British Marine asking for a 3-year transition period. The organisations say the 1-year period of grace effective from 1 January 2021, in respect of the three-year condition for RGR, was not sufficient as many factors affect the repatriation of vessels, including travel restrictions, the Schengen area immigration restrictions, insurance restrictions and the length of sailing season.
A survey carried out amongst Cruising Association (CA) members who keep their boats on the rivers and canals of Schengen countries has revealed that 80% of British owners are likely to sell their boats and give up cruising altogether, or move their base to a non-Schengen country.
Overall figures for coastal cruising boat owners are expected to be broadly similar although with more sailing out of Schengen waters to other cruising grounds.
The marine industry bodies say that they’ve been working for some time to establish what the future holds for recreational boaters now that the transition period has ended and to clarify what measures the Government intends to put in place for VAT, import duty, Returned Good Relief (RGR) and Temporary Admission (TA).
Singapore’s Ministry of Health is tightening its COVID-19 control measures for its maritime workforce after a marine surveyor working for a leading class society and a harbor pilot tested positive for the disease.