4 July 2013
If you use the flat rate cash-based turnover scheme you may still be due a VAT claim even though you will not have paid a VAT contribution to HMRC. Section 14 of the VAT Notice 733 spells it out.
17 August 2007
The sale of a fishing boat is zero rated so long as the vessel is: Has a gross tonnage of over 15 tons, and is neither designed nor adapted for recreational or pleasure purposes.
Quota and licence are standard rated.