Hi to All
the scenario is as follows:
- An IOM-registered company ( the "owner") owns a yacht which has been imported into the EU and holds a VAT-paid certificate and is, for EU VAT purposes, deemed to be an end-user customer for supplies and services subject to VAT made within the EU.
- The yacht spends most of the Summer in EU waters, some of it in Croatian/North African waters and overwinters in the Caribbean.
- Owners source various technical supplies and fittings for the yacht from EU suppliers (assume they would be charged to VAT if delivered outside the EU to the company fitting (say in Croatia).
My initial question is whether VAT should be charged on such supplies (assume they would be charged to VAT if delivered within EU) delivered outside the EU to owner.
Would VAT be chargeable if the supply were made to a non-EU company outside the EU (which would then on-supply the goods to owner locally)?
- UK tax exposure 204 4
- regulated mortgage work? 94 2
- Non-UK resident - where to pay income tax? 162 5
- any help? 125 4
- HMRC turning post around in 11 - 12 weeks? 247 8
- Companies House? 192 3
- Defer,Accrue & Wip 79 1
- Rental Expenses 119 6
- Echosign mail merge? 277 1
- Before I call employers helpline 218 1
- VAT refund 391 4
- US LLC - anomaly in UK and US treatment 235 3
- flat rate scheme 334 7
- Deferred income - financial concern no recognised turnover CT600 221 2
- Are any of you members of The Institute of Financial Accountants - Accountnats certificate 558 6
- Director's Earnings when Drawing from Goodwill profit from Sole Trading Company sale to Ltd Company 282 2
- What do young accountants know that you don't? 2,067 9
- Company limited by guarantee having only 1 member 188 3
- capital allowances - Demolition of a building 197 2
- Limited by Guarantee - Members 140 1