Simple way to end boat tax evasion
However, boat-owners who have bought their boats and equipment in Ireland through an IMF member firm will be tax compliant and should have nothing to fear from Revenue’s investigation, provided that all of their paperwork has been kept in order.
VAT and import duty evasion could be erased overnight if the Department of Communications, Marine and Natural Resources implemented the simple but effective scheme of boat registration as drawn up by the IMF and presented to the previous minister of communications more than 18 months ago.