VAT issue | AccountingWEB

VAT issue

Hi to All,

A yacht (owned by the private owner) was substantially repaired in non EC country. The repair work added value in the yacht. I know that the yacht needs to tell 'Customs' about the repairs and modifications done.

But the question is

  1. does a yacht liable to pay VAT on the work done
  2. How would the VAT be calculated?
  3. Is there any relief available?


Kind Regards