Decoding Houseboat VAT – do I need to pay VAT?
The question of VAT in UK on houseboats is a nuanced one, and the answer is far from simple. In the UK, recreational powered vessels generally incur a standard 20% VAT, making a £70,000 boat potentially cost £84,000, unless you’re a VAT-reclaiming business. But why do our boats seem exempt from this VAT load? The …