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VAT on charter fees
Change ahead?
The European Commission has requested a number of EU countries to revise their schemes for charging VAT on charters including international voyages. France and Italy have been asked to implement pro-rata reductions on charters outside EU waters. The pro-rata reduction will be based either on the time spent or on the distance covered inside/outside European waters.
In practical terms, as happened in 2013 when VAT on charter fees came into force, the authorities will publish a cut-off date from when the change will be applied. All contracts signed before this date won’t be affected. We have not yet been advised what the date is.
H&V Yachting is monitoring the situation and will keep you posted as soon as we have concrete information. Feel free to contact Thibault and Geraldine if you have any questions.
In practical terms, as happened in 2013 when VAT on charter fees came into force, the authorities will publish a cut-off date from when the change will be applied. All contracts signed before this date won’t be affected. We have not yet been advised what the date is.
H&V Yachting is monitoring the situation and will keep you posted as soon as we have concrete information. Feel free to contact Thibault and Geraldine if you have any questions.
