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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

berthoninternational

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sailing_into_life

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Survived all the assholes wakes and made it to Destin Florida.

sailingnowherequick188

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She actually did it! 😱 The best decision ever! 🌊 Sometimes you just have to take the leap! 💦 Nothing beats that feeling of jumping into the crystal clear blue ocean. The splash was huge, but the smile was bigger! ☀️⚓️ ​#BoatLife #OceanLover #SummerVibes #TakeTheLeap #AdventureSeeker #TravelGoals #Splashing

sailinglover

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Blue Lagoon Bali has the clearest water to snorkel that’s in short distance from the most touristic places. Indonesia is truly amazing and if you like to see more you could click on the related video to this short

Sailingwiththomas

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sailingolle

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