We return to the VAT subject from July. We previously informed our readers about the new French VAT regulations on yacht charters. The VAT applies to yacht charters in France.
New regulations exist. The new regulations apply from 15 July 2013 to charter agreements for yachts for the purposes of leisure travel.
We sat down with Jana Sheeder, President and corporate Maven of SailAway Yacht Charter Consultants and 1-800 Yacht Charters, to review the answers to the three most frequently asked questions regarding the new rules.
“The rate has been set at 19.6% and will increase to 20% on January 1, 2014. However, the taxable base can be reduced by 50% if the yacht is used outside European Union territorial waters, which by definition extend out 12 nautical miles from the coastline. Thus, if you started a charter in Nice, France, and cruised out beyond the 12 nm limit, and concluded the trip the next day in Sardinia, the tax would drop to 9.8%.”
“No. The law reads VAT is applicable on the charter if the vessel is put, ‘…at the disposal of the charterer in French waters.'”
“Not at all. It is the responsibility of the yacht owner to make the necessary arrangements to register his or her vessel with the French taxing authorities. As to the collection and processing of the tax, most owners are hiring local French-based fiscal agents.”
“As charter consultants, our responsibility is to clearly explain the new regulations to our clients. Many are repeat charterers who cruised multiple times in France in the past. For some, it will be a shock to hear their next Western Mediterranean yacht charter vacation may be subject to a tax of nearly 20%. We will work with them to modify their itineraries, in an effort to mitigate as much of the tax liability as possible.”
Drop us an email at info@1800yachtcharters.com, and we will respond right away.
Contact 1-800 Yacht Charters at https://www.1800yachtcharters.com/book-now-contact-us/
This entry was posted in Educational News and tagged Frequently Asked Questions, mitigation, cannes france yacht charter, South of France yacht charter, VAT, yacht charter maven, what is VAT, Q&A, france yacht charter, VAT questions, VAT in France, French taxes, faq's, yacht charter questions, maven
Posted on
Incredible motoryacht. Specifically,
Our associate from the yacht’s management company emailed us. She reminds us to keep power catamaran QUARANTA in mind when providing families with yachting options this summer in the Mediterranean.
“Dear Jim and Jana,
We are pleased to inform you that Quaranta will be available this summer in the South of France and Adriatic!
QUARANTA is the first motor yacht of the Curvelle Shipyard in Turkey. She is a winner of multiple prestigious design awards; although a 34m, 111′ superyacht catamaran, QUARANTA has as much interior and exterior volume as other performance monohulls in the 40m – 42m range.
(Your clients) will appreciate the huge windows in every guest cabin and the flexibility of the stateroom layout configuration. All cabins can be rearranged and combined to a variety of different layouts to specifically cater to the client’s needs. Double cabins, twin cabins, triple cabins are all possible. In total, there are over 20 different layouts.
Her key features are, for example,
Captain Paul Fraser and his crew look forward to welcoming your clients on board!”
Romina knows we like to offer our clients superyachts with special features and great value. There is one big request by our clients with large families. “Is there enough space for everyone to feel comfortable?” Yacht QUARANTA is the perfect alternative for these clients. With a 9 meter beam and 4 decks, private luxury yacht charter guests can about 50% more guest accommodation space than a comparable 30 meter monohull. The mid and upper decks are wide open, as is the large deck area on the Main Deck. This yacht is socialization personified!
Our favorite onboard feature is the unique lowering platform that doubles as beach club deck. This platform can lower guests straight from the main deck and into the water. That’s so cool and unique!
For the summer 2017 cruising season, whether in the South of France, or an Adriatic yacht charter, the rate of the yacht is €119,000 per week plus running expenses. The rate applies for both high (July/August) and low (June/September) season.
This entry was posted in Yacht of the Week Yacht Charter News and tagged Curvelle Shipyard, Jana Sheeder, versatile, president of 1-800 Yacht Charters, triple cabins, award-winning, lifting platform, South of France yacht charter, power cat, clients ask, Power catamaran, room to socialize, Curvelle, QUARANTA, convertible beach club deck, stable, Adriatic yacht charter
Posted onSardinia Luxury Tax on Mediterranean Yacht Charter Vessels Abolished
LUXURY TAX ABOLISHED The recent Mediterranean Yacht Charter show in Genoa, Italy, learned that the 3 year old Sardinia Luxury Tax is no more. ABOUT THE TAX The repeal of the Sardinia Luxury Tax is especially good news to charter enthusiasts. Anyone considering a yachting vacation in the Mediterranean is fortunate. The law […] read morePosted by admin
Ferretti Yacht SEA STREAM brings Luxury Charter to Seychelles
The world of luxury yacht charter has finally arrived in the Seychelles. Motor yacht SEA STREAM, a 76 foot Ferretti with room for 8 guests, is now available for Caribbean yacht charter enthusiasts looking for a new destination. Ferretti yacht SEA STREAM is now available as the only high quality, luxury crewed motor yacht available […] read morePosted by admin
What to Pack for a Sailboat Vacation
PLAN AND PACK Yikes! What to pack? In just over three weeks, you leave on a week-long Bahama yacht charter vacation. You choose a sleek, performance, basic sailing yacht with crew. Your menu provided to your yacht through your charter broker, and your crew is ready to welcome you aboard. Seriously, what do you pack? […] read morePosted by admin
Recent Comments