Tag Archives: ships

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

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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

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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

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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

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Rotterdam and Other Ports to Appeal European Commission Tax Ruling

The Rotterdam port authority, together other Dutch shipping and sea ports, has said it will appeal the European Commission January ruling against its exemption from corporation tax. The basis of the challenge is thought to be an infringement of proper … Continue reading

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Greek Bailout and Shipping Tonnage Tax

Following the Greek € Euro bailout, and measures to increase tax, there are reports of Greek shipping companies showing an interest in Cyprus. Greece is a leading, and ancient, shipping nation and the Greek tonnage tax on ships is said … Continue reading

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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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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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