Tag Archives: yachts

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

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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

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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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UK – Reduced Tax Fuel – Pleasure Boats & Yachts / Fishing & Commercial Boats

The EU asked the UK earlier this year to change the law to stop pleasure boats or yachts being able to use reduced tax fuel, red diesel, intended for fishing and commercial boats, EC reference 2011/4028. The Commission pointed out … Continue reading

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VAT on Maltese Yacht and Pleasure Boat Hire

The Maltese VAT Department has issued guidelines on the  VAT treatment of leasing or chartering yachts and pleasure boats. To calculate how much of a voyage is taken to be outside Maltese and EU waters, so not subject to VAT, a ready-reckoner is used. The … 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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