17 August 2007 | Uncategorized
The sale of a fishing boat is zero rated so long as the vessel is: –
(1) Has a gross tonnage of over 15 tons, and
(2) Is neither designed nor adapted for recreational or pleasure purposes
VAT 1994, Sch 8 Group 8 Item 1 and Note 1A; SI 1995/3039
The sale of the licence or quote is standard rated.
The information provided is for general information purposes only.
Legislation and details may have changed since this was written. The text may not include all matters that are relevant to your individual situation.
You should not make decisions, or refrain from making decisions, without taking further professional advice about your specific circumstances.
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