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And launched in 1939 as the last of ten 12mRs by legendary yacht designer Henry Rasmussen. She quickly proved her speed under the burgee of the @nrv.1868 . Later serving in the German Navy under the name Ostwind, she returned to private hands in 2005. Between 2006 and 2008 she was meticulously restored to her original plans in Flensburg. This restauration led to the formation of our yard. Today, sailing proudly under the @flensburger_segel_club, she continues her story as one of the finest examples of 12mR heritage. @robbeberkingclassics
"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