On 14 January 2022, the Italian Revenue Agency (AGENZIA DELLE ENTRATE) issued the answer no.26/2022 to an official request (Istanza d'Interpello) concerning the VAT/Customs regime following the BREXIT of a British flagged yacht currently in Italian territorial waters.
The Italian Revenue Agency confirmed that British flagged yachts which on 1 January 2021 were within EU customs territorial waters maintain the status of EU goods.
On the other hand, those who on 1 January 2021 were in the customs territory of the UK or in another third country lost their EU status and therefore must contact a customs agent to regularize their position prior to starting its activity in the European Union waters.
The status of the vessel on 1 January 2021 can be proved by documentary evidence such as the declaration of the port of mooring as SOS Yachting Italy required to all clients in 2021; this official reply of the Italian Revenue Agency confirms again the position taken by SOS Yachting in 2021 with our clients under the British flag Registry.
Our Italian team is available for any further clarifications. Please contact us on info.italy@sosyachting.com
DISCLAIMER | The information provided in this text is for general information purposes only and doesn’t replace the advice of a legal advisor or of a tax consultant.
