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French Yacht Charter VAT Now In Effect

France’s efforts to seek an exemption from VAT on yacht rentals has failed, and starting July 15, 2013, charterers can expect to pay an additional 9.8% for their Côte d’Azur yacht charter.

For years, the majority of Mediterranean yacht charter vessels based in France were registered as commercial vessels, a strategy that allowed their owners to sidestep VAT on the purchase of fuel and on the prices charged for charters.  The European Union prevailed in court to force France to follow EU VAT guidelines, and beginning July 15, charters will be subject to the nearly 10% fee.

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Jana Sheeder, President of 1-800 Yacht Charters and SailAway Yacht Charter Consultants, Inc. is working closely with her preferred clients to explain the new fees and to explore alternative destinations where the VAT fees are lower or even not applicable.  Sheeder says,
“We are investigating other countries in the European Union as alternative Mediterranean yacht charter destinations.  Gibraltar, for example,  has no import duty for yachts over 18 meters – and no VAT.”
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To identify the best options for a VAT-free yacht charter vacation, contact 1-800 Yacht Charters at https://www.1800yachtcharters.com/book-now-contact-us/

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