Tag Archives: boats

Tax & Boats: Greek Tonnage Tax

“Tax and boats” has always been a hot topic for me. So, the EU is considering dallying with the Greek tonnage tax ….. watch this space, tax fans! Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com Advertisements

Posted in Tax and Accounting News | Tagged , , , , | Leave a comment

Tax Refunds for Ship / Boat Owners – Norway

Tax fans rejoice! Boat / ship owners in Norway will now be able to claim tax refunds through a state aid scheme thanks to approval by the European Free Trade Association Surveillance (EFTA Surv) Authority. Sitting in London, I am … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , | Leave a comment

Norwegian Tax Refunds for Boat / Ship Owners

Some more details further to my post yesterday re Norway’s scheme for tax refunds for ship owners. The Norwegian state aid scheme allows ship / boat owners to obtain income tax and social security contribution refunds where payments have been … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , | Leave a comment

Norwegian Tax Refunds to Boat / Ship Owners

I note that a Norwegian state aid scheme which grants tax (not VAT) refunds to boat / ship owners has been approved by the European Free Trade Association Surveillance Authority (EFTA Surv.). Further details, with  analysis of effects in London, … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , , | Leave a comment

VAT: VBNB46000 – Specific issues: letting on hire of boats and aircraft

I have been asked about the hiring out of boats / yachts and VAT. As a first “port of call” (!) I would refer you to VBNB46000 – Specific issues: letting on hire of boats and aircraft  which is available … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , | Leave a comment

VAT and Boats: 15 Tons Limit

My video explaining the basic concept of the 15 tons weight limit as it relates to VAT (Value Added Tax) and boats is out now on YouTube and will be on my website with a fact sheet in the next … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , | Leave a comment

VAT and Boats – Sailaway Boats Notice 703/2

HMRC “VAT Notice 703/2: sailaway boats supplied for export outside the EU”, from December 2011, deals with zero-rating VAT on boats, yachts or ships to be exported outside the EU by an overseas visitor. UK residents can no longer purchase … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , , | Leave a comment