Monthly Archives: July 2013

Greek Shipping: Tonnage Tax Overpayment

Tax and boat fans will find this story heart-warming! Greek shipowners have signed a voluntary agreement to make extra revenue payments through the cargo Tonnage Tax over 3 years. This may generate some Eur75m to Eur140m from 90% of ships … Continue reading

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5% VAT on Sunscreen?

Health and VAT is an issue with which I have often been involved and asked to advise on as a tax barrister. I certainly support reduced VAT on sunscreen for children and welcome the comments from Steve Gray, the Superdrug … Continue reading

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Planned Cut of Red Tape For Intra-EU Shipping

On 8th June 2013 the European Commission released the “Blue Belt” Communication which sets out plans to ease custom formalities for ships, reduce red tape for the shipping industry and resolve problems with delays at EU ports, all intended to … Continue reading

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P&O Shipping Lose HMRC’s Challenge to Tax Scheme

Tax and boats is a favourite area of mine, even for very big boats and ships. So news then, that P&O (shipping and logistics) has had a global tax avoidance scheme, for some £14 million tax relief, successfully challenged by … Continue reading

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Boost to Spanish Yacht Chartering

I note that the Spanish government will repeal its controversial 12% matriculation tax charged on yacht charters, charged on top of VAT at 21% to give a total tax charge of 33%. Hopefully this will give a competitive boost to … Continue reading

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Europe Proposes Monitoring Shipping CO2 Emissions

The European Commission is proposing a plan from 2018 to monitor CO2 emissions by shipping using EU ports, regardless of where the ship is registered. The idea is that it will in part help combat global warming and improve maritime … Continue reading

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Reclaiming VAT Paid for Domestic Solar Panels

In June the European Court ruled, in the Austrian case of Fuchs C-219/12, that a householder with solar panels selling electricity part-time back into the network was carrying on an economic activity. This meant they could reclaim back the input … Continue reading

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