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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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Our mission is simple. We want you to achieve results. Your learning is our success, and this course has been designed with this goal solely in mind. You'll begin to learn new concepts and techniques through the videos and resources presented online. Then you'll take our recommended actions combined with your new knowledge and skyrocket your dinghy performance to the next level. ISA Online: http://learn.internationalsailingacademy.com Virtual Coaching Sign Up Link: https://discord.gg/virtualcoaching Visit: https://internationalsailingacademy.com/ Laser Sailing Coaching: https://internationalsailingacademy.com/about/ Laser Sailing Clinics: https://internationalsailingacademy.com/clinic-dates/ #lasersailing #ilca #ilcasailing #sailing #ilcasailors #lasersailboat #laserclinic #ilcaclinic #clinicforlasers #ilcaclinicmexico

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