What happens to your UK part 1 boat registration after the Brexit? Many boat owners are concerned about the upcoming change. Will the Brexit have consequences for the VAT status of your boat?
UK part 1 registration after Brexit
Brexit is a much discussed topic. But what does the Brexit mean for your boat registration? From 1 January 2021, the UK will no longer be part of Europe. For boat owners with one of the following boat registrations nothing will change:
- EU ICP Light Registration
- Dutch Worldwide Registration
- Polish EU Registration
The Brexit will bring changes for boat owners with the UK Part 1 Registration. The British boat registration is no longer an EU registration from the 1st of January 2021. But what exactly does that mean?
The influence of Brexit on the VAT management of your boat?
As soon as the UK leaves the European Union this could have consequences for your yacht. For example, the UK is no longer part of the European VAT system.
- Yachts imported into the UK might remain in free circulation or lose their status after Brexit; or after their first move to non-EU waters
- Yachts with VAT paid under the UK VAT system might lose their VAT paid status
- Yachts owned by UK residents can be used under Temporary Importation within the EU
- Yachts acquired by UK residents from EU shipyards can be acquired without paying VAT
- Yachts owned by UK companies and used for charter business in the EU might need to be re-imported after Brexit to continue their charter operation
In addition to the above VAT considerations, the loss of EU status on boats who sail under the British flag may have consequences for the exploitation of the yachts. A commercial yacht registered under the British flag will need a different registration after Brexit in different countries such as Croatia. The authorities can then treat the UK Part 1 Registration as a non-EU flag.
The best solution
To avoid problems and uncertainties in the future, it is recommended to switch to an EU flag registration. Examples are the Polish EU Registration or the Dutch Worldwide Zeebrief registration. These boat registrations are valid worldwide.
Do you have any concerns or questions? please don’t hesitate to ask us. Even if you did not gain your boat registration by Yacht Registration Holland, we are happy to help you with any questions.
If you already made up your mind and want to change your boat registration, you can easily do so by filling out our online registration form. Please choose the popular Polish boat registration or the highly respected Dutch Worldwide Zeebrief registration during the boat registration process.
Renew your boat registration before the Brexit
If you want to renew your boat registration before the Brexit, we have listed our two best options for you:
- Request a Polish boat registration now (starting from € 475,- till € 675,-)
- Request a Dutch Worldwide Zeebrief registration
Yacht Registration Holland for your yacht registration or MMSI license
Please note that we are an experienced boat registration company with a service record of more than 10 years. We serve customers from all over the world. If you have any doubts, please read the feedback that we have been given by our satisfied customers.
Yacht Registration Holland is a company that offers a wide range of services to its clients concerning boat registration. You can make most of the services like, different yacht registrations, AIS & MMSI Service and much more all under one roof. Our main business is yacht registration and nothing else.
Feel free to get in contact with us. Our service staff is happy to help you with any questions.