The Cruising Association has announced that HM Revenue and Customs (HMRC) has followed through its proposed positive change to the application of Returned Goods Relief (RGR) for recreational craft resulting in many boat owners no longer becoming liable to pay VAT on the return of their boats to the UK.
The changes have considerable benefits for the UK based cruising community, says the association.
Where a boat currently abroad is eligible to obtain relief from VAT through RGR, there will be no requirement to return the boat to the UK by 30 Continue reading “UK based cruising community benefits from VAT changes”