NEWS ©Peters&May
Brexit: RGR grace period extension
HM Revenue and Customs (HMRC) has announced a six-month extension to the 1-year grace period previously put in place by the government post Brexit for Returned Goods Relief, regardless of good’s exit date. This will benefit boat owners and the marine industry, as extending the grace period for RGR until 30 June 2022 for all goods will allow boat owners to return their boats to the UK without incurring additional VAT costs. The announcement follows representations and urges for a 3-year RGR transition period by the marine organisations, the Royal Yachting Association (RYA) and British Marine. Both of which pointed out that the 1-year period of grace effective from 1 January 2021 was not sufficient and helped HMRC officials understand the factors that affect the repatriation of vessels, including, global pandemic travel restrictions, the Schengen area immigration restrictions, insurance restrictions and the length of boating season. Welcoming the announcement, the RYA said that it will be continuing its dialogue with the HMRC, particularly in light of the recent new restrictions on leaving the UK.
Premier Marinas flare disposal days The UK south coast marina chain, Premier Marinas, has announced that it will be hosting two ‘Flares Disposal Days’ this summer, allowing boaters to bring along out of date flares, have them checked and disposed of safely. The dates are Sunday 13th June at Chichester Marina and Saturday 26th June at Brighton Marina (in collaboration with Nicky’s Chandlery), both events are 10am-3pm. The first three flares will be free of charge for Premier berth holders and visitors will also be charged £2.00 per flare disposal. 6
April 2021
