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Tag Archives: yacht charter med

Leo Fun Award-Winning Finalist

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Leo Fun motoryacht. Photograph of the yacht underway.  Dark hull with white superstructure.  Headed toward lower right side of photo.

LEO FUN YACHT

She is just one of the luxury motor yachts available for your Croatia Yacht Charter vacation this year.

 

YACHT DETAILS

At 53.85 meters (176’ 8”), this is one of the largest yachts cruising the Mediterranean. For instance, she can accommodate up to 12 charter guests in her six spacious, luxurious cabins.

 

LEO FUN INTERIOR

The interior of this motoryacht is decorated with luxurious soft furnishings.  For the technologically-inclined, she also features state-of-the-art electronic equipment.

 

YACHT DECK

The yacht has a huge deck,  It features an adjacent Jacuzzi hot tub that can comfortably accommodate six.  There is also ample space for sunbathing.  Additionally, a gym area and al fresco dining area are on the deck.  Finally, there is a spacious sheltered lounge area as well.

 

TOYS

Did someone say toys?  Basically, Leo Fun has a huge variety of water toys available for water sports enthusiasts on charter.

 

YACHT NEWS

Leo Fun was selected as a finalist for Boat International’s World Superyacht Awards 2010.

 

HOW TO BOOK A YACHT CHARTER

If you are ready for the vacation of a lifetime, contact 1-800 Yacht Charters at https://www.1800yachtcharters.com/book-now-contact-us/ right now!

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Ruling Spells End of France Yacht Charter VAT Exemption

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BLOG REMINDER

Today’s blog involves the end of the France VAT exemption.  Back in February, we speculated the cost to rent a private yacht in the fabled south of France was about to go up, due to a ruling by the European Union the VAT exemption on chartering yachts in France was not compliant with EU VAT rules.  Now, France’s efforts to seek a VAT exemption have failed, as the European Court of Justice has ruled the French tax exemption for commercial vessels is illegal.

WHAT DOES THE RULING MEAN?

 With the majority of Mediterranean yacht charter vessels in France registered as commercial vessels, the VAT exemption these yachts have enjoyed for years will end.  Luxury yacht charter customers will now find the yachts they rent subject to VAT, and this expense will almost certainly be passed on by the yacht owners to the charterers.   

Photograph of a yacht with brown rock mountains in the background. Yacht is at profile. Swimming pool at back of yacht, and side balcony out over the water, at the waterline. No people present.

 

THE ACTUAL RULING

On March 21, the European Court of Justice (in European Commission v. France; C-197/12) had a belief.  It held that French legislation providing a VAT exemption for some commercial vessels used for navigation on the high seas.  Specifically that carry passengers for remuneration or are used for commercial activities. “…does not comply with Directive 2006/112/EC (the VAT directive), specifically with article 148(a), (c), and (d).

IT CONTINUES

 The approach of the summer charter season is at hand.  Yacht managers and owners are scrambling.  In specific, to make sure all paperwork is in compliance with the ECJ’s ruling.”

CONSEQUENCES

Consequences for non-compliance may go from large penalties to even seizing the yacht. For more background and detailed analysis of the ruling, click on http://www.reedsmith.com/files/Publication/1b5deaa1-8214-4734-b723-ac4953457ee1/Presentation/PublicationAttachment/b8ec6cab-a4a3-49e0-8df0-b27c669444ad/70TI0022-Borenstein.pdf?goback=.gde_2873423_member_230933860

HOW TO RENT A YACHT?

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