EU VAT - The huge cost you might forget when you buy a boat.

In this insightful discussion, we dive deep into the intricacies of VAT rules within the european union, particularly focusing on scenarios involving cross border trade of boats. We examine how value added tax can vary significantly between EU countries, ranging from 19% to 25%. Understanding these nuances is crucial for any business engaged in international boat sales, ensuring proper tax compliance and avoiding complications. This episode is very interesting for European buyer and seller as we speak a lot of EU VAT and EU regulations. Do you know the difference between EU Class A and EU Class B? What do you do if you boat is not manufactured in the European Union? Who is responsible for VAT and who knows all the paperwork you need to show? This interview is a conversation between Rune Riktor as the CEO of Skippern Yachts and Jarle "Charlie" Karlsrud, the skipper of the Nauticat 38, Maja. This video delves into the complexities of value added tax within the european union, particularly when engaging in cross border trade. We discuss the varying rates of tax and how they apply to different scenarios, providing a clear explanation of vat explained. Understanding these nuances is key for sound fiscal policy in international boat transactions. #Boating #YachtBroker #EUVAT #BoatBuying #YachtLife #Sailing #BoatSales