Shipping 22ft Boat from USA to Ireland

jetski

Hi everyone,

Im very interested in buying a boat and have a fair enough idea of what one i want,

i have looked around and found that if i buy this boat in ireland im looking at around 30k, if i buy the same boat in the uk im looking around 25k and if i buy in the usa im looking around 19k

So its obviouos i could just drive over to england on a ferry, hitch it up and drive back home

but with the usa id imagine id have to toe the boat to a shipping dock or something similar and have it shipped back

does anyone know about doing this, any reccomendations on companys to use?

Also what tax issues might i encounter?

Jski

(boat would be on a trailer which would make it upyo 30ft in total)

ballooba

Consideration = 19,000
Consideration + Duty @ 10% = 20,900
Consideration + Duty @ 10% + VAT @ 21% = 25289

It's a non-runner.

Victor

There are companies that specialise in the Caribbean-Mediterranean market, but otherwise I suspect you are dealing with removing the keel* and mast and putting it in a container.

* Boat dependent.

jetski

Thanks for the reply, but not for the bad news

boat something along the lines of http://sportboats.apolloduck.co.uk/feature.phtml?id=57561

ballooba

That's not to say you can't buy it in the UK and take advantage of their reduced rate of VAT. Obviously there is no import duty when buying within the EU.

SeaSide

ballooba wrote: »

Consideration = 19,000
Consideration + Duty @ 10% = 20,900
Consideration + Duty @ 10% + VAT @ 21% = 25289

It's a non-runner.

Plus transport and insurance ~ 2500
Plus transport and insurance + Duty @ 10% ~ 250
Plus transport and insurance + Duty @ 10% + VAT @ 21% ~ 577 = 3327

jetski

so if i bought in the uk i would have no other costs other than the ferry and the boat ?

Tabnabs

Huge minefield, but stay well away from American boats (aka "grey imports"). There is no second hand market for grey imports in Ireland. They are not built and fitted out to the same standard as EU market boats despite what the vendor is saying.

Google "grey import boat" and you'll see what I mean.

As for the UK:

Guide To Boat Purchase and VAT

Second Hand Boats within the EU
The key rule of buying a second hand boat anywhere in the EU is to ensure that is VAT compliant. There are two main categories in regard to VAT:
1. Boats in use prior to 1985 and in EU waters on 31.12.1992. Such vessels are normally deemed to be EU VAT paid and a VAT liability will not arise as a result of a transfer of ownership within the EU.
2. With any other vessel the vendor should be able to provide paperwork dating back to the original sale when new, proving the payment of VAT on the new vessel. Purchasers should be wary if no paperwork is available, particularly if the vessel has been owned by a company at any stage.

New Boats within the EU

1. New Vessels less than 7.5m in length
These vessels will normally be VAT paid at point of purchase and no liability will arise on their importation into Ireland. If imported free of VAT than the VAT liability arises on their importation and a declaration must be made to the Revenue Commissioners
2. New Vessels over 7.5m in length
Such vessels must pay Irish VAT on their importation into Ireland.

Vessels from Outside the EU
New vessels from outside the EU must pay VAT on their importation into Ireland. They must also comply with the EU Recreational Craft Directive.


For further information:

VAT
http://www.revenue.ie/pdf/vatguide_03.pdf

The lads in Customs regularly check boats and contact owners to prove all paperwork in order.

ballooba

Dyflin wrote: »

1. New Vessels less than 7.5m in length
These vessels will normally be VAT paid at point of purchase and no liability will arise on their importation into Ireland. If imported free of VAT than the VAT liability arises on their importation and a declaration must be made to the Revenue Commissioners.

This is the pertinent section for a 7~ metre boat.

Victor

ballooba wrote: »

This is the pertinent section for a 7~ metre boat.

For the UK yes, but for the USA its this.

Vessels from Outside the EU
New vessels from outside the EU must pay VAT on their importation into Ireland. They must also comply with the EU Recreational Craft Directive.

ballooba

I'm fairly sure Duty is payable too.

cicid

ive just recieved my 22ft boat from the states and have saved a fortune
if the dealers here would pass on the currency difference there would be no need but from my experience they are all too greedy
with vat, duty and transport i reckon im still saving about 50% on the price of the same boat here
any shipping agent will look after it, just look up the golden pages for shipping fowarders, but i used bob at www.bwsportboats.com in mountmellick and have to highly recommend his service
he took care of every detail from picking it up to delivering it over here
very professional