Sardinia Luxury Tax on Mediterranean Yacht Charter Vessels Abolished

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When your clients are accustomed to +70 meter superyachts for their private luxury yacht charter vacations, you should probably think twice about recommending a 40 meter yacht for their next getaway…
Unless that 40 meter vessel is motor yacht ‘H with Captain Phil Frost at the helm.
About three weeks ago, good friends of ours called. They were taking a short trip from their home in the states to visit their daughter who is spending a college semester in France. During the visit, they planned to catch the “On The Run II: Beyonce & Jay-Z” concert in Paris, then spend a few days exploring. They asked, “Since we’re not taking the whole family, is there a smaller, contemporary-designed yacht that you would recommend for a quick getaway in France?” Without hesitation, we said, “Yes, the best available option is the 42 meter Benetti motoryacht ‘H.”
Built in 2015, motor yacht ‘H is a shining example of the Italian builder’s Fast 140 series, with exterior styling by Stefano Righini, and interiors by HJH Studios. The yacht has it all – a massive sundeck, an impressive skylounge, and a fantastic, young, energetic crew led by can-do skipper, Australian Phil Frost. Phil’s motto is, “Say yes, then figure out how to make it happen!”
With just hours to prepare, Phil and his team provisioned and prepared for our clients’ arrival in Bonifacio. Less than 2 hours after getting onboard, our clients sent us two, short, but telling texts. First, the husband wrote, “Having the best time.” Then, his wife wrote, “Oh man, this crew is awesome!”
Once back home, the family called us to say the yacht was beautiful and surprisingly comfortable for a 40 meter yacht, and the crew made everyone feel as if they were onboard a 70 meter vessel.
They were so impressed, plans are already underway for a repeat trip in September…
If you’re considering a private yacht charter vacation in the Med in August or September (or the Caribbean this winter), it’s hard to overstate the value, luxury, and comfort you’ll find with Captain Phil Frost, onboard Benetti motor yacht ‘H…
[Side note – Beyonce and Jay-Z decided to do a little boating after the concert as well. They loaded the family onboard motor yacht KISMET (video) before returning to the next leg of their world tour…]
Are you considering chartering a yacht for a vacation or special event? Call or text us at 305-720-7245, and with our Best Price Guarantee in hand, you’ll be on your way to making memories in style! Let us know that you are interested in chartering, and we’re on it!
This entry was posted in Yacht Charter Good Times Testimonials and tagged beyonce, motoryacht charter, jay-z, Mediterranean yacht charter, carter twins, kismet, contemporary, Benetti, special event, family vacation, paddock, family yacht charter, f1 yacht charter, luxury yacht charter, monaco grand prix yacht, yacht charter reviews, yacht video, motoryacht H, yacht charter France
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Superyacht VAVA II
This superyacht arrives September 2011. Important to realize, her proud owner and charter market eagerly await her arrival. Presenting 2012 motoryacht VAVA II. She is a product of Pendennis Plus (formerly Devonport Yachts). The lady is 96 meters in length. She is one of the largest built in the UK.
To begin with, her name was Devonport Project-55. She features a Redman Whitely Dixon exterior. Her interiors are Remi Tessier designs.
Sea trials are complete. The yacht soon joins the global charter market. She has a SOLAS-36 passenger ship regulation build. The yacht sets a new standard in the charter market.
Another large-capacity yacht for rent is 36-passenger motor yacht CHRISTINA O (has yacht video). Additionally, 40-passenger motor yacht LAUREN L can be chartered. Lastly, 26-passenger motor yacht SHERAKHAN is a favorite of large families.
In conclusion, contact 1-800 Yacht Charters at https://www.1800yachtcharters.com/book-now-contact-us/ for more info or to rent a yacht TODAY.
This entry was posted in Yacht Charter News Yacht of the Week and tagged Christina O, Remi Tessier, Sherakhan, Devonport Project 55, yacht video, Devonport Yachts, VAVA II, United Kingdom yachts, Pendennis Plus, Lauren L, Redman Whitely Dixon
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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 News Educational Yacht Charter and tagged 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, vat taxes, yacht charter Italy, lower taxes on yacht charters, Jana L. Sheeder, Planet Nine, VAT, yacht charter video, Video, save money on vat
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