Commercial operations and suppliers
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Tax efficient purchasing
When you purchase supplies and services, VAT is applied on the purchase price. However, in some specific cases, commercial yachts can purchase VAT exempt supplies and services in Monaco, France and Italy.
However, handling suppliers can be tricky since rules differ from country to country and there are a number of variables like the location of the owning company HQ, and the yacht importation scheme.
Depending on the circumstances, H&V Yachting can advise you which scheme is best for you. We focus on optimizing your VAT processes and our aim is to make sure you save on your annual VAT costs.
Even if VAT was paid on a purchase, if the purchase is related to the yacht’s operations in France, Monaco and Italy, you can reclaim VAT by offsetting the VAT you paid on purchases against VAT you charged on charter fees. H&V Yachting can liaise directly with suppliers to ensure all invoices are issued correctly.
Contact H&V Yachting to find out what options are available to you and how you can make your purchasing more tax efficient.
However, handling suppliers can be tricky since rules differ from country to country and there are a number of variables like the location of the owning company HQ, and the yacht importation scheme.
Depending on the circumstances, H&V Yachting can advise you which scheme is best for you. We focus on optimizing your VAT processes and our aim is to make sure you save on your annual VAT costs.
Even if VAT was paid on a purchase, if the purchase is related to the yacht’s operations in France, Monaco and Italy, you can reclaim VAT by offsetting the VAT you paid on purchases against VAT you charged on charter fees. H&V Yachting can liaise directly with suppliers to ensure all invoices are issued correctly.
Contact H&V Yachting to find out what options are available to you and how you can make your purchasing more tax efficient.