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Home / De-Voil /Part V1 General principles and rates of tax /Division V1.2 History, legislation and administration /Definitions in relation to VAT / V1.294 What is a new means of transport for VAT purposes?
Commentary

V1.294 What is a new means of transport for VAT purposes?


Part V1 General principles and rates of tax

A 'new means of transport' is a ship, aircraft or motorised land vehicle within the following descriptions which is intended for the transport of persons or goods1.

Ship

Any ship exceeding 7.5 metres in length is treated as a new means of transport at any time unless2:

  1. Ìý

    •ÌýÌýÌýÌý a period of more than three months has elapsed since its first entry into service, and

  2. Ìý

    •ÌýÌýÌýÌý it has travelled for more than 100 hours under its own power since its first entry into service

Regulations made under VATA 1994, s 95(5) provide that a ship is treated as having first entered into service at one of the following times3:

  1. Ìý

    (1)ÌýÌýÌýÌý the earlier of:

  2. Ìý
    1. Ìý

      (a)ÌýÌýÌýÌý the date of its delivery from its manufacturer to its first purchaser or owner, or

    2. Ìý

      (b)ÌýÌýÌýÌý the date when it was first made available to its first purchaser or owner

  3. Ìý

    (2)

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