Greta Kemper is a senior VAT advisor in the tax advisory team at Martyn Fiddler Aviation. CTA and AIIT qualified, Greta has over thirty years’ experience ...Contact Greta Kemper
I had free circulation pre-Brexit? What about now?
The impact of Brexit on the free circulation status of your aircraft will depend entirely on the circumstances of the aircraft and how it operates. There is almost no official guidance from either the EU or the UK government on the subject, apart from on the transitional arrangements, which has led to much debate between advisers on the options to use, including to what degree the Returned Goods Relief provisions can be used to resolve aircraft status post Brexit.
Given the high value of aircraft and the high risks involved, Martyn Fiddler Aviation have taken Counsel advice and would strongly urge you to seek tax advice from an experienced advisor specialising in aviation. Taking expert advice will help you understand your obligations and determine the necessary steps to take (if any) to meet those obligations.
For a greater understanding of the impact of Brexit on aviation please refer to our recently updated eBook ‘Business Aviation from 1 January 2021’.
Watch our Brexit webinar series here.
For guidance on How to keep your EU or UK import status post-Brexit please refer to our Returned Goods Relief “RGR” article.
If you have any questions regarding the free circulation status of your aircraft please do not hesitate to contact firstname.lastname@example.org
The information included in this article is considered true and correct at the date of publication; changes to rules and regulation made after the time of publication may impact on the accuracy of the information referenced or inferred to in this article. The information in the article may change without notice and Martyn Fiddler Aviation is in no way liable for the accuracy of any information printed or stored or in any way interpreted and used by the user. This article or the information contained in it is not provided or intended to be used as advice of any form.
If you have any doubts or would like to discuss any aspect of this article, please do not hesitate to contact one of our experts who will be happy to discuss your individual circumstance.