Yachters unite over double tax threat | News – The Times

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Andrew EllsonMay 14 2021, 12: 01am, The TimesSir Ben Ainslie and Sir Robin Knox-Johnson, left, are among those who have criticised the move, which could land yacht owners with a VAT bill of £30,000LOYD IMAGES/GETTY IMAGESEvery year, the lure of the open seas tempts hundreds of Britons to set off around the globe. Yet many plans are now sinking fast because of a “ridiculous” decision by the taxman, a group of celebrity sailors warned. Sir Ben Ainslie, Sir Robin Knox-Johnson and Mike Golding are among the group who have written to The Times over new import rules that will see anyone with a British-registered pleasure craft have to pay VAT twice if the vessel does not return to the UK at least once every three years. The letter says: “The freedom for yachtsmen and women to sail from the UK and return a few years later has been struck a grave blow by HMRC. As recently as April 2019 HMRC… Politics
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