HM Revenue and Customs (HMRC) has announced a 6-month extension to the 1-year grace period previously put in place by the government for returned goods relief. The announcement follows representations from the Royal Yachting Association (RYA) and British Marine asking for a 3-year transition period. The organisations say the 1-year period of grace effective from 1 January 2021, in respect of the three-year condition for RGR, was not sufficient as many factors affect the repatriation of vessels, including travel restrictions, the Schengen area immigration restrictions, insurance restrictions and the length of sailing season.
The new announcement extends the grace period for RGR until 30 June 2022 for all goods including recreational craft, regardless of when Continue reading “Returned goods relief grace period post Brexit extended by six months”
Since Brexit there have been a few individuals who have been working almost non-stop to find solutions and trying to prevent incorrect facts being reported in the news and on social media platforms. The last few days have seen some news articles published in Mallorca that have been fundamentally incorrect and inaccurate and many boat owners in the Balearics are receiving mixed and confusing messages over RYA licensing and what they can and cannot do.
British Marine and the RYA have now received further information from both the EU Commission and the UK Department for Business, Energy and Industrial Strategy (BEIS) on the trade of pre-owned CE marked recreational craft between the UK and EU following the UK’s exit from the European Union.
