Please select your home edition
Edition
Newport Boat Show 728x90

Yacht charters in France - about to get more expensive

by Sail-World Cruising round-up on 24 Nov 2012
Chartering in France - just about to get more expensive .. .
Chartering a yacht in France is just about to get more expensive. But then, that's because it had been cheaper than in its neighbours Italy and Spain. There are some strange anomalies shown up by the economic crisis that has afflicted the EU since 2008 and not the least of them is in the yacht chartering sector.

France has, in the recent past, greatly benefitted by allowing charter yachts working in and out of France to be exempt from 19.6 % VAT the country levies.

Those representing the industry have long argued against the implementation of the tax saying it would have a negative impact on the charter sector. But now it seems they will have to change their rules to conform with neighbours in Spain and Italy.

The impending change is being brought about by the the European Commission who have formally requested France to remove the tax exemption on luxury yacht charters warning it would refer the matter to the European Court of Justice if France did not comply within two months.

Citing the regulations, the statement adds, 'The VAT Directive provides for the exemption from VAT for certain transactions involving boats. However, this exemption does not apply to luxury boats used by individuals for recreational purposes.'

The Commission warns that it would refer the case to the European Court of Justice if France does not comply within two months.

'The VAT Directive provides for the exemption from VAT for certain transactions involving boats. However, this exemption does not apply to luxury boats used by individuals for recreational purposes,' said a statement from the European Commission.
Schaefer 2016 Ratchet Block 660x82upffront 660x82Ancasta Ker 40+ 660x82

Related Articles

Kids Polarised Sunglasses from Barz Optics
Barz Optics have developed a quality range of junior polarised sunglasses ideal for sailing and fishing. Barz Optics have developed a quality range of junior polarised sunglasses ideal for sailing and fishing. Each pair are supplied with a neoprene case and sunglass retainer.
Posted on 4 Aug
Reducing weight aloft with composite backstays
Reducing weight aloft is one of the most cost effective ways of increasing your boat speed and performance. Reducing weight aloft is one of the most cost effective ways of increasing your boat speed and performance. Every kilogram you take out of the rig is roughly equivalent to 4kg added to the bottom of your keel!
Posted on 26 Jul
Free $US3,000 Carbon Vang with SouthernFurl boom orders in July
Southern Spars is giving a free carbon vang - valued at US$3,000 - with SouthernFurl in-boom furlers ordered in July Southern Spars is giving away a free carbon vang - valued at US$3,000 - with all of their SouthernFurl in-boom furlers ordered in July. Carbon gas vangs make a great addition to the furling boom package, though if you’d prefer to keep your existing one, Southern Spars will offer you a 5% discount on the price of your boom instead.
Posted on 29 Jun
Newport Bermuda Race - High Noon takes honours
As the Newport Bermuda Race fleet rushed to the finish line on Monday in the wake of the first-to-finish boat, As the Newport Bermuda Race fleet rushed to the finish line on Monday in the wake of the first-to-finish boat, the powerful 100-foot grand prix Comanche, to the surprise of many they were led by an unusual boat and crew. High Noon, at 41 feet, is fully 59 feet shorter than Comanche and tens of feet shorter than many other entries.
Posted on 22 Jun
Platino recovery - Family confirms that tug has made rendezvous
Reports in social media say a salvage tug has made a rendezvous with the Platino earlier than expected. Reports in social media by family and friends of Nick Saull, the crew member killed during a catastrophic incident abroad the 66ft yacht Platino say the salvage tug which left on Tuesday night has made the rendezvous earlier than expected. The Facebook report says the tug, Sea Pelican, arrived on Friday morning, the weather in the area has eased and with a more favorable outlook.
Posted on 16 Jun
Royal Queensland Yacht Squadron to ban bottled water
Approval has been given to create a ban on bottled water that comes in plastic containers. The RQYS Management Committee has confirmed that approval has been given to create a ban on bottled water that comes in plastic containers. This will place the club as a leader in environmental impact management in Australia and around the world. The Royal Hong Kong Yacht Club earlier this year did likewise. Who’s next?
Posted on 16 Jun
SouthernFurl In-Boom furling systems withstand Sydney Hobart test
Southern Spars design team have developed the SouthernFurl Boom smaller budgets and yachts from 35-70 feet. Have you ever scared your family when you got stuck with too much sail up when you should be reefed? Southern Spars’ range of SouthernFurl booms are the answer – letting you reduce sail quickly and easily without leaving the safety of the cockpit.
Posted on 23 May
2016 Garda Trentino Olympic Week - Day 4
Garda Trentino Olympic Week 2016 draws near to the conclusion: the weather once again proves difficult. Garda Trentino Olympic Week 2016 draws near to the conclusion: the weather once again proves difficult. Tomorrow the medal race is scheduled for the Lasers and another two races for the three paralympic classes.
Posted on 13 May
CCA presents RCC Award to Scott and Mary Flanders
CCA has announced that Scott and Mary Flanders are the recipients of the organization’s 2015 Royal Cruising Club Trophy. The Cruising Club of America (CCA) has announced that Scott and Mary Flanders are the recipients of the organization’s 2015 Royal Cruising Club Trophy.
Posted on 22 Apr
Cyclone Winston Relief Fund – Help the people of Fiji
Sea Mercy is sending volunteer fleet of small and large vessels, loaded with shelter, food and medical supplies to Fiji. Sea Mercy is once again sending our volunteer fleet of small and large vessels, loaded with shelter, food, water and medical supplies and teams to Fiji.
Posted on 27 Feb