Following a meeting with HM Treasury (HMT) and HM Revenue and Customs (HMRC), the Cruising Association (CA) is pleased to confirm that the UK Government will make a positive change to the application of Returned Goods Relief (RGR) for recreational craft. As a result, many boat owners will no longer have to pay VAT on the return of their boats to the UK.
The proposed change has considerable benefits for the UK based cruising community: