VAT relief for UK yacht owners
Jan 13, 2022
2 minutes
The three-year time limit for ‘Returned Goods Relief’ (RGR), which saw UK yacht owners potentially facing large VAT bills when they brought their yachts back to the UK after cruising in Europe post-Brexit, has been dropped.
Following the end of the Brexit transition period on 31 December 2020, HMRC had previously announced that UK-owned yachts would lose their VAT-paid status once they have been out of the UK for three years. This
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