Boats: VAT

Treasury written question – answered on 4th December 2020.

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Photo of Alberto Costa Alberto Costa Conservative, South Leicestershire

To ask the Chancellor of the Exchequer, what assessment his Department has made of the effect on British yacht and boat owners of the requirement to pay a second VAT payment upon their return to UK waters after the end of the transition period.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

Returned Goods Relief from customs duties and import VAT will be extended to include goods in the European Union at the end of the transition period that otherwise meet the conditions for relief.

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