Pelagic Mountie 4 Posted September 2, 2015 Share Posted September 2, 2015 Righto, thanks. Always wondered. Quote Link to post Share on other sites
Pumbaa 9 Posted September 7, 2015 Share Posted September 7, 2015 Yes. Tax paid in another jurisdiction is irrelevant. You are importing into NZ.... Not entirely irrelevant, you get to claim it back on departure. If you're exporting the boat from the UK you claim the VAT back and then pay the GST when you import the boat to NZ. Quote Link to post Share on other sites
marinheiro 352 Posted September 8, 2015 Share Posted September 8, 2015 unfortunately not so (from UK gov website): Goods you can’t get a refund for You can’t get a VAT refund for: mail order goods, including internet sales goods you’ve already used in the EU, such as perfume service charges, eg hotel bills new or used cars goods worth more than £600 exported for business purposes goods to be exported as freight goods that need an export licence (except antiques) unmounted gemstones gold over 125g, 2.75 troy ounces or 10 tolas a boat you plan to sail to a destination outside the EU Quote Link to post Share on other sites
Pumbaa 9 Posted September 8, 2015 Share Posted September 8, 2015 As far as I can see you need to use the "sail away scheme" the "retail export scheme" doesn't allow for car or yacht export. The berthon website has a good article on the position of the UK gov and it's new point of view regarding VAT. Since the global financial meltdown apparently they got a bit stingy and plugged a few leaky holes in the tax net. It is years and years since I was In the UK boat business and if some one was really serious about going to the UK and buying a boat to bring back here and they listened to advice from a bunch of people from an internet forum you'd have to wonder how they accumulated the money in the first place or how they would find their way back home. It was interesting in the berthon article how the UK government is asking for proof of paid vat on boats and accessories. I don't know how many yachts in the NZ fleet have the original receipt showing the paid GST and for the dinghy, the outboard, the new cooker, the epirb etc etc. http://www.berthon.co.uk/berthon-blog/yacht-sales-brokerage-yachts/vat-and-all-that/ https://www.gov.uk/government/publications/vat-notice-7032-sailaway-boats-supplied-for-export-outside-the-eu Quote Link to post Share on other sites
Hello 0 Posted February 4, 2017 Share Posted February 4, 2017 Hello Does anyone know in what order all this charged, I think GST is last? I mean, let's say you paid $200,000 for a boat. Sailed it hear so no shipping costs. $200,000NZD x 1.05 (Duty 5%) = $210,000 $210,000NZD x 1.15 (GST 15%) = $245,100 Plus of course MPI Biosecurity clearance fees which would be taxed as well. If shipped here that would be added to the total cost of the vessel before charges applied. Quote Link to post Share on other sites
Hello 0 Posted February 4, 2017 Share Posted February 4, 2017 Here's an example A particular vessel being sold here for $675,000NZD Currently being offered overseas for $447,908NZD $447,908 x 5% = $470,303 $470,303 x 15% = $540,849 MPI costs negligible Savings $134,152NZD Quote Link to post Share on other sites
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