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"If you go beyond maintenance… technically, it wouldn’t qualify." In this clip from episode 17 of the Berthon International podcast, Joe Francis (Director of VAT and Customs at PKF Francis Clark) breaks down that Returned Goods Relief (RGR) can protect VAT status, but only if the conditions are met. Once work moves from maintenance into improvement, that position can change. Refits, upgrades, and time out of the UK all need to be considered properly before making a move. As always, it comes down to planning. Full Episode: https://www.youtube.com/watch?v=MODo9VV_TTA Supporting Article: https://www.berthoninternational.com/berthon-blog/about-vat-is-the-uk-a-strategic-cruising-choice/ Guest: Joe Francis - Director of VAT and Customs at @pkffrancisclark Host: Tim Carbury, tim.carbury@berthoninternational.com, Tel: +44 (0)7780 221 282. #shorts #yachting #vat #yachtvat #hmrc #marineindustry #berthoninternational
LAK II is a beautiful yacht that in a sense carries in her timbers the story of France over the past 85 years. https://www.sandemanyachtcompany.co.uk/yacht/742/LAK%20II Born in a brief period of optimism between depression and war, and somehow a survivor of that war’s deprivations; designed by a young naval architect, André Mauric, whose genius would later become universally recognised; vibrant participant in the carefree post war years, and in France’s intense America’s Cup campaigns of the 1970s... But in the end, a wonderful yacht because André Mauric had that touch of technical and artistic flair that guarantees immortality. LAK II was given a new lease of life in 2007 that ensures another lifetime of pleasure giving. In current ownership in England she has been recently given a fully electric propulsion system and new sails, and won her class at the 2022 edition of British Classic Week.