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"They may not accept that as an export for VAT purposes… which means VAT is due." 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 while the "12-mile dip" is widely used, it doesn’t always do what people think it does. From a customs perspective, it may reset Temporary Admission. From a VAT perspective, it can be a different story entirely. If it doesn’t qualify as an export, the VAT exposure can be significant. This is where assumptions start to get expensive. 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
S/V Karayato is a 2004 TRT 1200, for sale by owner. She is a Norwegian designed performance catamaran. This boat was modified at the yard by the previous owner to be more suitable as a liveaboard than the original TRT 1200 design. The bridge deck is lowered to make room for a spacious deck house with galley, a sofa that sits eight and a navigation station. The mast and rig is from 2013. The furling system, genoa and mainsail were bought new in 2019 and the jib is from 2022 . Karayato is quick, strong and a lot of fun to sail. Welcome on board! https://www.catamaransite.com/catamarans-for-sale/trt-1200-custom/