On the verge of purchasing a boat from the U.K.

AndyBoBandy · 17-09-2018 10:08AM

Jeff2 wrote: »

The dun laoghaire turkey shoot race should be on soon so might be best to keep that in mind if going there.

I' say now for the rest of the year any trips out with the family will be just down to Howth or up and around Lambay Island, Skerries etc.. The son is only 3 1/2, so its going to be very gently done for a while (I just want to get him used to being on board initially, and anything more than 60-90 minutes, he'd start getting bored).
Howth is a lovely distance for him. We motored down with a light breeze on the nose, and ended ended up motoring back as well as the wind was forecasted to pick up later in the afternoon and I didn't want to be out in it, plus there were boats racing so I didn't want to interfere with them in any way.

If I do end up going around to Dun Laoghaire (with my brother or some friends), and the fleet were out racing, I'd just head there roughly via the Poolbeg lighthouse, skirting around the racing boys. (I did a fair bit of Sigma 33 racing out of Dun Laoghaire years ago, so know how congested the bay can get).

It was gas on Saturday, as we were passing the various boats prepping for their race, and when they were racing, my lad was getting more and more into waving at them all, and if anyone didn't see us, he yelled out at the top of his voice "HIIIYA", to which everyone then turned around and he got lots of waves!! He was delighted.

rising_damp · 17-09-2018 11:56AM

TomOnBoard wrote: »

Did you bottom out the question of whether there is a VAT-paid record/invoice or does ownwership go far enough back to be included in the Revenue definition of VAT compliance? Im thinking it might become quite important (as in closer inspections) for sailing in French and other EU waters post Brexit.

Hello, I'm thick, bad at maths and bad at tax, so excuse me if I'm asking naive and silly questions.
I'm trying to buy a wide beam narrowboat from the UK. Probably an unfitted sailaway shell is all I can afford. I'm just wondering what type of VAT and import duty I'd have to pay on it?

Hypothetically say:
wide beam narrowboat €50,000
haulage €4000

Using this website customsdutyfree . com/duty-calculator/ I got:
VAT (vat rate * (Customs duty+CIF+other taxes if applicable)) : €12512
which seems like SO much!!

Is it better value to buy a used boat or is it the same? Could I import it to Fermanagh and have it launched up there and not pay the large duty? Will Brexit affect this?

Any info appreciated!

oleras · 17-09-2018 03:42PM

DOCARCH wrote: »

Nancy Bet?

Correct !

AndyBoBandy · 17-09-2018 03:59PM

rising_damp wrote: »

Hello, I'm thick, bad at maths and bad at tax, so excuse me if I'm asking naive and silly questions.
I'm trying to buy a wide beam narrowboat from the UK. Probably an unfitted sailaway shell is all I can afford. I'm just wondering what type of VAT and import duty I'd have to pay on it?

Hypothetically say:
wide beam narrowboat €50,000
haulage €4000

Using this website customsdutyfree . com/duty-calculator/ I got:
VAT (vat rate * (Customs duty+CIF+other taxes if applicable)) : €12512
which seems like SO much!!

Is it better value to buy a used boat or is it the same?

If you buy a used boat, and the VAT is already paid in the E.U. then you will have no more VAT liabilities on if if you bring it to Ireland.

If buying a new boat in the U.K., if its cheaper to pay the VAT in Ireland, then you could do that, if cheaper in the U.K. then pay it there, either way, VAT will need to be paid somewhere.

Steve · 17-09-2018 09:28PM

rising_damp wrote: »

Hello, I'm thick, bad at maths and bad at tax, so excuse me if I'm asking naive and silly questions.
I'm trying to buy a wide beam narrowboat from the UK. Probably an unfitted sailaway shell is all I can afford. I'm just wondering what type of VAT and import duty I'd have to pay on it?

Hypothetically say:
wide beam narrowboat €50,000
haulage €4000

Using this website customsdutyfree . com/duty-calculator/ I got:
VAT (vat rate * (Customs duty+CIF+other taxes if applicable)) : €12512
which seems like SO much!!

Is it better value to buy a used boat or is it the same? Could I import it to Fermanagh and have it launched up there and not pay the large duty? Will Brexit affect this?

Any info appreciated!

Some good info here:

https://myisa.sailing.ie/en-ie/cruising/boatowners/vat.aspx

You can call ISA for advice.

10pennymixup · 21-09-2018 02:13PM

In reference to used widebeams, or Fatboats (as in, not Narrowboats):).

For a limited time around 2004-7, some UK narrowboat builders misinterpreted the VAT rules concerning liveaboards as opposed to pleasure craft (namely widebeams) and did not charge the tax on a few boats. This situation was fairly quickly resolved and it only concerned a few boats so in the main all Narrowboats etc should have had the VAT paid. But definitely worth double checking.

If the barge was being sold by a VAT registered company such as in a ex hire fleet sale, there might be a VAT element in the price

AndyBoBandy · 08-08-2024 12:18PM

https://www.boards.ie/discussion/comment/107477679#Comment_107477679

(I also missed out on a lovely First 285 a few weeks ago that was lying in Malahide, and was only €15,000. I made the enquiry call the day after she was sold)

Interestingly enough, this First 285 I missed out on 6 years ago, is up for sale again for €18,000 (down from €19,950). When I missed out on her she was for sale for €15k

https://www.donedeal.ie/boats-for-sale/sailing-yacht-cruiser-racer-beneteau-first-285/35681125

DOCARCH · 08-08-2024 01:58PM

https://www.boards.ie/discussion/comment/122478468#Comment_122478468

When up for sale a few months ago it was on at €25K! Inflation! 😅

Mick Tator · 09-08-2024 12:34AM

https://www.boards.ie/discussion/comment/122478989#Comment_122478989

Perhaps the price increase is now due to the six 'births' !

Homer · 05-09-2024 08:28AM

hopefully this is a straightforward question.. if I were to purchase a boat in Fermanagh region and bring it down to athlone am I liable for any taxes/duties? I know the boat is UK tax paid as described in the advert. Any difference if it’s a private sale vs from a broker/dealer? Thank you!

AndyBoBandy · 05-09-2024 08:47AM

https://www.boards.ie/discussion/comment/122584112#Comment_122584112

there might be some sort of agreement in place (similar with cars) where if the boat was always in NI that it could be exempt from certain duties, but not really sure these days….

When I brought my boat back, I didn’t do anything or tell anyone… I simply sailed it back and that was it…..

I’d imagine if you can get the boat down under its own steam, you could do similar?

Homer · 05-09-2024 09:08AM

yeah have heard differing stories and it’s obviously fairly easy to take it down south and say nothing but would be concerned for future resale value rather than a checkpoint in the middle of the Shannon 👌🏻 thought it might be similar to the car situation

On the verge of purchasing a boat from the U.K.

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