BREXIT : WHAT UK FLAG VAT PAID YACHTS HAVE TO DO TO SECURE THEIR STATUS IF THEY NEED TO EXIT THE EU AT THE END OF THE SEASON ?
Sep. 15, 2021 | Blog - Customs & Tax -
After discussions we have had with the French authorities, we understand the consequences of Brexit over yachting to be the following:
→ UK FLAG VAT paid yachts, willing to leave the EU, have to secure their VAT paid status by a temporary export customs declaration.
→ When these yachts come back in the European Union for a new season, they will have to be imported through the returned goods relief. This regime will need to be formalized through an importation at arrival in the EU.
We remain at disposal to help you with these procedures.
The YMCA Team
+33 (0)492 004 390
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