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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

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Joy on the water! Identifying boats, heading to Almeria, and enjoying the unique sounds of the boat's radio. A perfect day at sea. #BoatLife #SailingAdventures #Almeria #RadioSounds

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Join us for more antics 😂 & mysteries in the full episode. https://youtu.be/gqa7Iw7vvRA

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Nominations are open for the 2022 World Sailing 11th Hour Racing Sustainability Award. The award celebrates the effective execution or ongoing delivery of high-impact, highly-replicable sustainability initiatives, aligned to World Sailing's Sustainability Agenda 2030. Watch this 📺 to find out how to apply and tag your sustainability heroes to make sure they don't miss it 👀 . More info at bit.ly/WSSustainability2022 SUBSCRIBE ➡️ http://bit.ly/wsnsubscribe Follow World Sailing 🌍⛵️ on: Facebook ➡️ www.facebook.com/worldsailingofficial Instagram ➡️ www.instagram.com/worldsailingofficial Twitter ➡️ www.twitter.com/worldsailing Website ➡️ www.sailing.org Newsletter ➡️ bit.ly/wsezine

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