HMRC v Lt Cmdr Colin Stone (The Kei)
HMRC has lost its appeal in the
High Court, against a Tribunal decision that a sea-going Vessel (a reproduction Dutch barge) qualified for zero-rating within the meaning of Schedule 8, Group 8, item 1 Value Added Tax Act 1994.
The appellant (Commander Stone) was applying to bring in a houseboat which was capable of self propulsion. However, he was intending to use it for a residential purpose. HMRC argued that VAT was payable but the High Court confirmed that it qualified for zero-rating.
Sunday, 31 August 2008
This is a Dutch Barge converted for living on. The owner, Lt Cmdr Colin Stone, recently won a landmark decision in the courts against the HMRC and doesn't have to pay VAT on the boat. Why I ask is Milly M not subject to the same ruling. It is after all my only residence