We've received various and often conflicting advice on this. Can anyone on the forum offer advice.
We've purchased a new boat from a UK manufacturer through a UK VAT registered company. The boat was taken over land and will be launched in Majorca, Spain. What is the VAT position on this - specifically :-
1) If a UK vat invoice is issued, we claim 17.5%, if a Spanish invoice is issued we claim 16% back
2) Does the country in which it is launched have any affect on where the vat is claimed back from ?
3) If we rent the boat out through a UK reg. company what is the position on rental income acquired in Spain ? Do we register with the Spanish authorities or pay output tax in the UK return ?
4) Does anyone know of any publiciation on vat on boats ? I've tryed C&E themselves but I'm more confused than ever.
Thanks for your help in advance
Stuart
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