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BREXIT: Confirmation on post-Brexit VAT interpretation by Leading EU Marine Bodies

Following the UK’s withdrawal from the EU, there have been many questions which have caused confusion and uncertainty for the leisure marine sector both in the UK and in the EU27.

Arguably, the biggest has been around the VAT status of yachts at the end of the transition period.

In an unprecedented declaration of unity, the International Council of Marine Industry Associations (ICOMIA), European Boating Industry (EBI), European Boating Association (EBA), British Marine (BM) and the Royal Yachting Association (RYA) joined forces to provide clarification on VAT and customs for recreational boating companies and users.

The five organisations have taken the exceptional decision to release this guidance to members and non-members in an effort to clarify any uncertainty surrounding the VAT status of yachts following Brexit. A copy of this guidance can be found here on our website:

UK & EU VAT Status of Yachts Following Brexit

Please do not hesitate to contact us for further information.

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26 July 2021 at 08:31

We took full advantage of the last week’s exceptional weather with a beach party on our West Coast followed by dinner at Buho to say goodbye to Luc as he heads off to new adventures in Germany and to wish Maureen a happy retirement! #Oceanskies #Guernsey #ThatIslandFeelinpic.twitter.com/bRnRDh43OSOS

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23 July 2021 at 08:38

Awesome weather again for us to carry out a tonnage survey on this @Sunseeker_Intl 53 Portofino for registration under the red ensign here in Guernsey. We carry out tonnage surveys for British and Malta yacht registrations all over the world - please contact us for a quote. pic.twitter.com/BdC77jWzWv

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23 July 2021 at 08:32

RT @BoutsenAviation: July is a hot month in more ways than one! Shortly after the #CannesFilmFestival, we have sold our 395th aircraft: a p…

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22 July 2021 at 10:28

Perfect conditions for an insurance survey on this @GBYachts GB42 by our newly launched Oceanskies Survey division who offer these surveys in UK/EU: Condition/Pre-Purchase Valuation Pre-Delivery Insurance Tonnage (British / Malta flags) Please contact us for a survey quote pic.twitter.com/h00pUZWZlV

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21 July 2021 at 12:50

The fantastic weather conditions continue in Guernsey – perfect for Duncan and Tom to carry out the tonnage survey onboard this @Sunseeker_Intl Sunseeker 76 Yacht being registered in Guernsey by Oceanskies #sunseeker #sunseekeryachts #SunseekerFamousFive #Guernsepic.twitter.com/TeHNEgXVouou

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20 July 2021 at 12:16

We just had to post this photo of our Joe Coutanche wakeboarding after work for obvious reasons! When weather is this good Guernsey has to be one of the best places to live + work in the world #Oceanskies #Sunseeker #wakeboarding #Guernsey #worklifebalance @visitguernsey pic.twitter.com/SWnOLl09rK