With the UK having left the EU on 31 January, it is important to note that there is a one year transition period …

SuperyachtNews

At 23:00 on 31 January, the United Kingdom left the European Union. On 28 January 2020 the Italian customs authority released a communication reminding various concerned parties that the withdrawal process will not be a sudden change and will continue in an orderly manner for citizens and businesses. As such, EU legislation and procedures on the free movement of people, services, capital and goods will remain the same until at least the end of 2020 – meaning that will be no changes for British-flagged vessels or British persons until 2021.

“Until 2021, the British flag will continue to be part of the Union territory,” explains SOS Yachting. “Yachts registered under this registry, until December 31 2020, keeps a free circulation regime in the Union territory (after proving to have paid VAT in an EU country) and continue to be unable to apply for these yachts to fall under the customs procedure for temporary admission.

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