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Old 08 September 2013, 17:19   #11
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Originally Posted by surfer4life View Post
Thanks nick,

Surely the vat would have been paid when he imported it and the fact I imagine it was sold at less than what he paid for it 6 years later then vat would be owed to him not due, if he was vat registered, or am I missing something ( I probably am )
Ah vat on boats is not as straightforward as vat on everything else. I've no idea why.
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Old 09 September 2013, 03:53   #12
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As a Broker of mostly smaller boats and Ribs, I would say the following: -

If you brought the boat to us and asked us to act as brokers, then without any supporting paperwork we would have to decline. The more paperwork you have the better the chance of selling and the better the price achieved.

Vat paid proof is going to be important to anyone wishing to export or use the boat abroad. The manufacturer of your boat may well be able to update you on the vat status and provide a copy of the original purchase invoice showing the vat (if paid).

An "MCA bill of sale" is useful but not vital if you have a purchase invoice and proof of vat payment.

We would also provide our clients with a legally binding contract covering such issues as outstanding finance, legal ownership, vat status, etc.

I'm not trying to sell the benefits of brokerage here, but you can probably see why some people think it's worth the 7.5% we normally charge to have all the paperwork properly "chased up" and legally executed?

I would try the manufacturer for the Vat issue and the previous owner if you don't have a purchase receipt. It shouldn't be impossible to get these things.

Good luck

Steve
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Old 09 September 2013, 05:55   #13
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Was the chap who sold it you called Nigel?
i think it was yes, he lives about 20 miles away from me in dinas cross pembrokeshire, do you have his email address by any chance? (scratch that i have found his details)

Thanks for all the replies guys, i'm gonna try and chase the guy i bought it off.

i was absolutely clueless about all this stuff when i bought mine, at least i'm more clued up for next time.
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Old 09 September 2013, 07:27   #14
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i think it was yes, he lives about 20 miles away from me in dinas cross pembrokeshire, do you have his email address by any chance? (scratch that i have found his details)
Ace - he had/ has two 'homes' I recall . Had long conversations about he Atomix boats when I saw them stacked up along with OBs at one of his business premises. Pretty sure We'd have a contact on record somewhere.
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Old 09 September 2013, 09:49   #15
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Ace - he had/ has two 'homes' I recall . Had long conversations about he Atomix boats when I saw them stacked up along with OBs at one of his business premises. Pretty sure We'd have a contact on record somewhere.
Peter, thanks, i have managed to contact him now and have his email address and phone number. He is looking into it for me and said he should have the documentation i am looking for
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Old 09 September 2013, 17:52   #16
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If he was running a business then he may have claimed back any vat on it and had it down as a asset of the business he would then have to sell in including Vat to you! But may have just pocketed the money and not paid the vat!
Wouldn't you have thought that HMRC should be aiming to get best value out of time / return expended.....like going after Amazon / Starbucks / large consultancies that don't pay 100m's in tax, not people selling 2nd hand boats from previous owner who MIGHT potentially have them as business assets and who MIGHTpossibly have been a bit dodgy on a few 100 of asset. I know where the effort & resource OUGHT to go.

Rant over, but misdirected resource of OUR money annoys me
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Old 09 September 2013, 18:15   #17
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Originally Posted by lakelandterrier View Post
Wouldn't you have thought that HMRC should be aiming to get best value out of time / return expended.....like going after Amazon / Starbucks / large consultancies that don't pay 100m's in tax, not people selling 2nd hand boats from previous owner who MIGHT potentially have them as business assets and who MIGHTpossibly have been a bit dodgy on a few 100 of asset. I know where the effort & resource OUGHT to go.

Rant over, but misdirected resource of OUR money annoys me

I think you are missing the point, the only time you are likely to be asked for proof of VAT (and the only time I have actually been asked for it) is when you take the boat abroad.

HMRC couldnt give a monkeys about a used boat, unless its a megayacht.
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