For the correct operation of a commercial charter yacht in EU waters there are two criteria that should be met to remove a possible VAT liability, namely VAT registration and EU importation.
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Update: Taxation and Yacht Charters
Changes on the VAT treatment and liabilities on Italian charters is likely to be released shortly.
Find Out MoreSailaway Boat Scheme withdrawn for UK residents
From 1 January 2012 the concessionary treatment for UK residents will be withdrawn as it contravenes EU law.
Find Out MoreMisunderstanding about Maltese Leasing
Following on from my Maltese Leasing blog of 27 June, there appears to be a misunderstanding in the marketplace with regards to acceptable criteria for the Lessee under a Maltese leasing structure.
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