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How To Cut Yacht Charter Taxes In Half

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Blue box with text inside of it. The text reads VAT on top in bold white letters. It reads ALERT below the word, vat, but the word, alert, is in normal font, not bolded.

VAT taxes on yacht charters

THE CHALLENGE

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 are packed with charterers from around the world.  It’s an affluent vacation.  Even the wealthy cringe when their exclusive yacht rental holiday is socked with 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.

 

HIGH TAXES

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!!!

 

THE SOLUTION TO LOWERING TAXES

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 In others, the exemption was rescinded.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.

 

COMPANY PRESIDENT COMMENTS

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.”

 

MAKING IT LEGAL

To accomplish this, and to be in full, legal compliance with the European Union statutes, Jana adds a clause 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.”

 

SAVE MONEY ON FRANCE AND ITALY CHARTERS

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.

 

1-800 YACHT CHARTER STRATEGY

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.

 

CONTACT US FOR BEST PRICE GUARANTEE

In conclusion, with just a little advance planning, it’s possible to save thousands of dollars on your next luxury rental yacht vacation!

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Motoryacht Cocktails Runs Aground

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Photograph from the land of a yacht that ran aground. It is close to shore. There are 2 red tugboats on either side of the yacht. The white yacht is leaning to the right side of the photo.  2 people dressed in black and red are watching from shore. There is a ship at anchor in the background.

How do you take your cocktails – straight…or on the rocks?

ROCKY DAY

The owner of motoryacht Cocktails, a Miami-based mega yacht charter vessel, ordered rocks.  For example, it was the “rocks” that left his multi-million dollar baby a bit tipsy.

Friday, the 85-foot motoryacht, Cocktails, ran aground near Nobska Beach in Woods Hole, Mass. This happened after hitting a rock about 100 yards offshore.  The Coast Guard specifically said that the skipper grounded the vessel to keep it afloat.

INJURIES?

No luxury yacht charter guests were onboard at the time of the incident.  Only the skipper and one crew member sailed. 

 

HOW WAS THE YACHT MOVED?

No fuel was spilled, and after dewatering the motoryacht, tugs towed the vessel to Fairhaven for repairs.  In New England for the summer, it is expected Cocktails will be fixed in time to return to Miami for the winter Florida yacht charter season.

There were no reports of any injuries…except to the skipper’s pride…

HOW TO BOOK A YACHT CHARTER VACATION

Coming to South Florida this winter?  Spend a few days exploring the Florida Keys or the nearby islands of the Bahamas from the comfort of a motoryacht.  Contact our destination experts HERE today!

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Ready to (yacht) ZOOM x3 INTO SUMMER? [video]

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NEW SPECIAL RATES FOR SUMMER 2019

Move over, slow-poke superyachts!  Why putt along, when you can ZOOM?

The 50-meter Trinity yacht ZOOM ZOOM ZOOM offers charter guests an excellent combination of speed, style, and versatility. She’s quick and chic – and reputed as one of the fastest U.S. builds of her pedigree.  M/Y ZOOM ZOOM ZOOM is able to cruise anywhere in the world. She runs at an exceptionally fast 23 knots and cruises at 14.

 

SAVE INTO SUMMER

We love this yacht, crew and her owner.  The owner is often willing to offer fantastic special rates to our clients – especially in the summertime.

This summer, the superyacht will be based in New England, and to encourage more business, the owner has reduced the low-season summer (and low-season winter) rate from $180,000/wk to a competitive $165,000/wk.

 

THE YACHT OVERVIEW

The yacht is 161 feet in overall length.  She launched in 2005.  Zoom Zoom Zoom refit in 2106.   Evan K. Marshall designed the interior styling to reflect the sophisticated and elegant lifestyle of today’s luxury yacht charter client.  She features an array of dining options, both indoor and alfresco. Her full-beam sky lounge is an impressive space for entertaining and the sundeck is the perfect place to relax and enjoy the views.

 

ACCOMMODATIONS

The super yacht accommodates up to 10 guests in 5 stylish staterooms. She features a split-level master stateroom forward on the main deck, with impressive forward-facing windows that add to her beautiful exterior profile.

 

GREAT CLIENT  TESTIMONIALS

Captain Mike Finnegan and his team are the perfect blend of experience and youth – superbly attentive to families and couples alike.   The reviews and reports coming back from clients are exemplary.

 

YACHT CHARTER REVIEWS

 

Here’s the feedback of a recent charter guest:

 

“ The charter was so much better than we ever hoped, the crew was so kind, they indulged the children with playing, fishing and all of the adults got into the toys and adventure as well, all of the crew participated and made it so fun, they were willing to do anything, the chef was fabulous, my wife who has Celiac and my daughter -in-law who is gluten intolerant were so spoiled and could not have been happier.

 

THE YACHT CHARTER REVIEW CONTINUES 

…the theme nights were amazing and we loved that Pirate Captain Mike got dressed up and we renewed our vows and it made our anniversary celebration and holiday one will never forget, Captain Mike was very detailed with the APA accounting and explanation and this built a lot of confidence for me, he is a stand up classy guy, we would love to do this again and cannot thank the crew enough, it was hard to say goodbye.”

 

 

CURRENT BOOKINGS

  • May 7-14, 2019: Nassau to Nassau
  • May 25 – June 7, 2019: Nassau to Nassau
  • Aug 4-7, 2019: Option / Newport to Newport
  • 8-24, August 2019: Newport to Nantucket
  • August 25-28, 2019: Option / Nantucket to Nantucket

 

CHARTER RATES

  • Summer

$165,000 per week (Low.  June and September)

$180,000 per week (High.  July and August)

 

  • Winter

$165,000 per week (Low. November through December 20, then January 5 through May 31)

$180,000 per week (High.  Year-end Christmas and New Year’s holidays)

 

CHARTER AREAS

  • Summer

The Bahamas

New England

Florida

 

  • Winter

The Bahamas

Florida

 

 

 

IMPRESSIVE FEATURES & AMENITIES

  • Bi-level Master stateroom
  • Extensive watersports selection including 40’ Seahunter tender & water slide
  • Extended swim platform perfect for relaxing or enjoying the water
  • Zero Speed stabilizers provide ultimate comfort at anchor
  • Lastly, amazing proven charter record

 

 

LOADED WITH FUN TOYS!

 

  • 40′ Seahunter towable tender fully outfitted for inshore and offshore fishing
  • Nautica 18-foot tender with 150hp engine
  • 2 three-person WaveRunners
  • SeaBobs (2)
  • Stand-Up Paddleboards SUP’s – 2
  • Snorkel gear
  • Water skis
  • Wakeboard
  • Kneeboard
  • Inflatable toys
  • Fishing gear
  • Spin bike
  • Free weights and bench
  • Waterslide

 

SPECIFICATIONS

Length:                 49.07 meters (161 feet)

Beam:                   8.5 meters (28 feet)

Draft:                    2.6 meters (9 feet)

Year:                      2005 / 2016

Guests:                10

Cabins:                 5

Crew:                    10

 

WHAT ARE YOUR SUMMER PLANS?

In conclusion, summer is right around the corner.

Secure your favorite dates and click here to BOOK NOW at https://www.1800yachtcharters.com/explore-our-yachts/zoom-zoom-zoom/book-now/ !!!

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