Why International Waters ≠ Yacht VAT Export Status ⚓️

"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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La prima cosa che abbiamo comprato dopo aver preso Mina Vagante 3 due anni fa, è stata l'ancora nuova. ⚓ Una Vulcan di 40 kg, tra le migliori sul mercato. E ogni volta che la barca è a terra sbarchiamo i 100 metri di catena per controllare che sia tutto a posto. Facciamo tanta rada e dormire tranquilli è fondamentale per godersi al 100% la vacanza 🙃 --- 🤔 Ma in inverno cosa fai? Se avessimo avuto un euro ogni volta che Andrea ha sentito questa domanda, adesso avremmo comprato sette barche. Secondo episodio della mini serie per scoprire com'è la vita di uno skipper in inverno, tra barca smontata, imprecazioni e posizioni comode 🫣 . . . #lavoriabordo #skipperininverno #barcaavela #vitainbarca #vacanzeinbarca

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Watch the Flyer 9 SUNdeck and Flyer 9 SPACEdeck ride together along the Chesapeake Bay! Which Flyer 9 would you bet on? Our Flyer range was conceived to be the day-boat of your dreams. Equipped with our AirStep® Hull, these powerboats boast faster acceleration and more responsive maneuvering, as well as the ability to lift up and cut through waves – perfect for cruising, water skiing, and wakeboarding. The Flyer also features two different deck plans, our SUNdeck or our SPACEdeck, to maximize either your sunbathing or entertaining needs! -- About BENETEAU -- The first BENETEAU boats sailed from the shipyards of Croix-de-Vie over 135 years ago. Since that time, the BENETEAU brand has been synonymous with quality and innovation to all those who have taken to the water – first by the fishermen who made their livelihood from the sea and then by the legions of recreational boaters around the globe. Over the years, our commitment to innovating and embracing ideas, no matter how unconventional, has been at the forefront of who we are in order to bring you the best boat possible. BENETEAU was one of the first boatbuilders many years ago to use computer-aided design (CAD) as well as lighter, stronger composite building materials. We’ve also been at the cutting edge of using greener materials and processes to do our part in protecting the incredible world which we explore. However, all this innovation doesn’t mean we’ve turned our back on tradition. One thing we’ve discovered in over a century of boatbuilding is that new-world innovations work best with old-school craftsmanship. This combination has resulted in some of the most iconic sailboats and powerboats in the world – supremely seaworthy yachts renowned for their sense of style, luxury, and comfort along with their creative use of space and new technologies. -- Philosophy -- We’re a lot like you. We love the water in all its forms – the ocean, bays, lakes, and rivers. And we love sharing the boating lifestyle with our family and friends. This love manifests itself in every BENETEAU built in any one of our many manufacturing facilities worldwide. Every BENETEAU sailboat and powerboat on the water reflects the best efforts of the finest architects, designers, and craftsmen along with the highest quality materials and the latest innovations. When you purchase a BENETEAU, you become a valued member of our BENETEAU family. For this reason, our after-sale service is second to none as evidenced by the multitude of National Marine Manufacturers CSI Awards for Excellence in Customer Service. At the core of this outstanding service is our exceptional dealer network. Every one of our authorized BENETEAU dealers will be there for you – from choosing the right yacht to the handover and beyond. Your dealer will be your able guide when it comes to maintaining your boat properly and will help you maximize the return on your investment when it comes time to step up to another BENETEAU – and it usually does! We wouldn’t have it any other way. Follow us on: - Facebook: POWERBOATS https://www.facebook.com/BeneteauPowerboats/ SAILBOATS https://www.facebook.com/BeneteauAmerica/ - Twitter: https://twitter.com/Beneteau_USA - Instagram: https://www.instagram.com/beneteauamerica/ - Pinterest: https://www.pinterest.com/beneteauamerica1884/ - LinkedIn: https://www.linkedin.com/company/1996165/