"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

0

0

0

78

Life hadn’t exactly gone to plan when we finished Season 1, but there’s plenty more adventure to come! New episodes arriving January 9th!

0

0

0

1,131

Sailboat Lights Quick Guide #boat #sailing #shorts

0

0

0

848

When the highway becomes poetry — green hills on both sides, raindrops painting the glass, and a tunnel waiting like a hidden secret.

0

0

0

109

There is no room for compromises aboard a luxury yacht! Stunning interiors, multiple areas to enjoy outdoors and below deck, an extensive list of water toys, and a crew that knows the do's and don'ts of any yacht charter destination to a tee is the right recipe for a memorable holiday! Escape the colder days by treating yourself to a luxury yacht charter at one of our recommended winter destinations. Think of the Bahamas, the Maldives, Thailand, or Dubai – what better way to spend a vacation than in the middle of paradise? #shorts #yachtcharter #luxuryyachtcharter #luxuryyacht #superyacht #megayacht #belowdeck

0

0

0

281