Catamaran for Caribbean Yacht Charter
Presenting the creative crew of a popular Virgin Islands yacht charter vessel. They are greener and eco-friendly. They also save their customers money.
Many guests eat a meal or two ashore during a week-long yachting vacation. Therefore, sail catamaran SILVER MOON announced a half board food option.
A typical all-inclusive charter features 3 meals a day. The half board option exists. It includes all breakfasts. It also includes 3 lunches and 4 dinners with beverages, the standard ship’s bar, and snacks. That said, all other meals are taken ashore at the guest’s expense.
Jana Sheeder, President of SailAway and 1-800 Yacht Charters, comments. She explains the benefits of a half board option:
“Part of the attraction of a yachting vacation is the chance to indulge in local customs and foods. Sometimes, fresh food on the yachts goes to waste as the clients tend to eat ashore two or three times a week in the various ports of call. The half board option cuts down on waste, preparation materials, and cleanup,” explains Sheeder.
Clients save money. The overall cost of the boating vacation can be reduced. It can then reflect the fewer meals and food served onboard.
Here’s the price breakdown on S/Y SILVER MOON:
Passengers Half-Board All-Inclusive
2 $ 8,000 $ 8,600
3 8,560 9,200
4 9,115 9,800
5 9,775 10,500
6 10,325 11,100
The sailing yacht SILVER MOON is a 44′ catamaran that launched in 2002. She has 3 guest cabins. Each includes a queen berth and private bathroom. The yacht has wind scoops to limit the need for air conditioning. The crew buys earth-friendly paper products, biodegradable cleaning products, and local organic produce when available. #eco-friendly
Other catamarans available in the Caribbean this winter include the world’s largest catamaran, the 145′ sail yacht HEMISPHERE, the 75′ sail catamaran LADY ALLIAURA, and the 65′ sail catamaran WORLD’S END.
This entry was posted in Caribbean Yacht of the Week Yacht Charter and tagged meals on a sailboat, how to save money on a yacht charter, Lady Alliaura, yacht charter Caribbean, Jana Sheeder, president of 1-800 Yacht Charters, caribbean yacht charter, catamaran yacht charter, Hemisphere catamaran, Hemisphere, half board
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VAT taxes on yacht charters
Every summer, hundreds of well-heeled travelers migrate to the Western Mediterranean. They travel there to enjoy a private yacht luxury charter vacation. Coastal towns like Nice and St Tropez in France participate. San Remo and Portofino in Italy also host dozens of superyachts. The boats bring charterers from around the world. It is an affluent vacation. Even the wealthy cringe. Specifically when their exclusive yacht rental holiday receives VAT charges often in excess of 12%. They know the value of their hard-earned dollars. We make sure that their memorable and valuable vacation funds are spent wisely.
Imagine spending €725,000/wk to rent a yacht. For example, Admiral superyacht PLANET NINE as your holiday hire. Just envision incurring an additional €87,000 in VAT? Ouch!!!
Over the years, we composed many blogs about the challenges of VAT taxes. Yacht rental guests need to stay aware of the laws. In some years, yacht charters were VAT exempt. In others, the exemption was rescinded. The rates go up, down, and often vary among various European Union countries, like France, Spain, and Italy.
Fortunately, with a little advance planning, it might be possible to reduce your charter’s VAT liability by up to 50%. Jana Sheeder, our company’s President explains:
“If you rent a luxury yacht for a vacation in the South of France, say, Nice, Antibes, Cannes, and neighboring Monte Carlo (in the principality of Monaco), you will incur a VAT charge of 12%. However, if leave European Union waters during your charter, the VAT is reduced by 50%. The easiest way to accomplish this is to schedule an overnight run to the island of Sardinia, off the French coast. Spend a day of so in the area, then cruise back to the South of France. Not only is this a worthwhile itinerary, you’ll also enjoy a tremendous discount in your VAT expenses.”
To accomplish this, and to be in full, legal compliance with the European Union statutes, Jana adds a clause. In specific, to the client’s yacht charter agreement that reads, in part,
“It is agreed between the parties that the yacht will cruise in international waters for part of the itinerary, which has not been determined, so VAT will only be charged on the 50% of the charter fee. In the event the yacht does not cruise in international waters and VAT becomes due on the total amount of the charter fee, the charterer hereby agrees to pay the outstanding VAT on the total amount of the charter fee in cleared funds and without delay to the stakeholder. VAT is calculated with a lump sum reduction of the time spent in EU waters in application of BOI-TVA-CHAMP-20-50-20-20120912 Article 90.”
In addition to reducing VAT expenses in France, it’s also possible to find similar savings in other Western Mediterranean destinations. Similar money-saving strategies apply for charter yacht luxury vacations in Italy as well.
For example, if a charterer wants to start and end a 10 night trip in Naples, Jana will encourage the client to end the charter in Sardinia, to the west, or Sicily to the south, in order to cruise through international waters, and qualify for a reduced VAT fee.
In conclusion, with just a little advance planning, it’s possible to save thousands of dollars on your next luxury rental yacht vacation!
This entry was posted in Yacht Charter News Educational and tagged vat taxes, yacht charter Italy, lower taxes on yacht charters, Jana L. Sheeder, Planet Nine, VAT, yacht charter video, Video, save money on vat, yacht video, Jana says, yacht charter France, president, Mediterranean yacht charter, how to save money on a yacht charter, Jana Sheeder, president of 1-800 Yacht Charters
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