sail-world.com
 
 
News Home Video Gallery Photo Gallery
Sail-World.com : VAT on chartering a yacht in France to begin July 15
VAT on chartering a yacht in France to begin July 15


'Sailing in France - the good (read cheap) times have gone'    .

The French have taken their time to make the announcement, but now it's official. If you charter a yacht in France from now on you will have to be VAT on the charter.

Little more than two months after Sail-World published a story about the competitiveness of yacht charter in France because of the lack of a VAT charge, it has been suddenly brought in, with a mere 15 days notice to the industry.

The French tax authority has informed the European Committee for Professional Yachting that it plans to levy a value-added tax on yacht charters starting July 15, 2013. The announcement comes after the European Commission sent a formal request to France in November requiring the government to revoke a VAT exemption on yacht charters.

The Commission told the French that member states are not allowed to offer exemptions on luxury boats used for recreational purposes.

However, it has been reported by www.tax-news.com, the French government plans to offer a 50 per cent VAT reduction to current charters that are impacted by the ruling. That would subject them to a VAT rate of 9.8 per cent, rather than the headline rate of 19.6 per cent.

French tax authorities said they would provide further guidance in due course, but that the preliminary rules are outlined in the document, 'BOI-VAT-FIELD-30-30-30-10-20130625'.


by Nancy Knudsen

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=111363

2:04 AM Sat 29 Jun 2013GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.







News - USA and the World

Team GBR’s Sparky on the Road to Rio (Part Two) *Feature by Rob Kothe and the Sail-World Team,


Team GBR’s Sparky on the Road to Rio (Part Two) by Rob Kothe and the Sail-World Team,
















Team GBR on the Road to Rio (Part One) by Rob Kothe and the Sail-World team,
















































ISAF Sailing World Cup Hyeres - Sailors tweet about opening day
49er Blog: Glorious racing to kick start Hyeres World Cup
Clipper Round the World Yacht Race - Continuous close racing
ISAF Sailing World Cup Hyères - Fluttering flags whet sailors appetite
Antigua Classic Yacht Regatta - Race 4 images by Jude Robertson
ISAF Sailing World Cup Hyeres - US Sailing Team Sperry Top-Sider Day 1
ISAF Sailing World Cup Hyeres - Day 1 Nacra 17 images by Thom Touw
ISAF Sailing World Cup Hyeres - Day 1 Laser images by Thom Touw
ISAF Sailing World Cup Hyeres: Ioannis Mitakis leads Finns after day 1
RC44 Cascais Cup - Fresh faces join the line-up
ISAF Sailing World Cup Hyeres - Excellent racing on opening day
ISAF Sailing World Cup Hyeres - Images by Yvan Zedda and Franck Socha
ISAF Sailing World Cup Hyeres - Day 1 images by Franck Socha
Hyeres World Cup: Kiwis lead but Outteridge Jensen back in 49er fray
Belcher and Ryan lead from the start in Hyeres
ISAF Sailing World Cup Hyères - Race day 1 ready for lift off
Clipper Round the World Race 11 - Tense match downwind racing on Day 2
Antigua Classic Yacht Regatta - Day 3 an absolute gem
Quantum Key West 2015 dates confirmed
Flying Tigers 'Psych' - on Lake Lanier they pronounce it Zhik
ISAF Sailing World Cup Hyeres: Anticipation intensifies as start nears   
Clipper Round the World Race - Race 11 start images by Chuck Lantz   
27th Antigua Classic Yacht Regatta 2014 - Big breeze on the butterfly   
Rolex China Sea Race 2014 - Pryde and Joy for Hi Fi   
Clipper Round The World Race - A flying start on Day 1 of Race 11   
Cammas on Caudrelier – different styles, same objective   
Clipper Race - Californian crew member continues fundraising journey   
Antigua Classic Yacht Regatta - Race 2 images by Jude Robertson   
Les Voiles de St Barth - Images by Christophe Jouany   
Clipper Round the World Yacht Race - Fleet sets sail in race 11   
Congressional Cup - Canfield and Team US One best star-studded field   
Clipper Round the World Yacht Race - Race 11 to get underway to Panama   
Antigua Classic Yacht Regatta - Race 1 images by Jude Robertson   
Rolex China Sea Race - Hi Fi collects the coveted IRC Overall title   
Rolex China Sea Race - First arrivals in Subic Bay   
Rolex China Sea Race 2014 - a sniff of a hat-trick for Neil Pryde   
America's Cup Book Review: Winging It - Oracle Team USA's comeback *Feature   
Clipper Round the World Yacht Race: Switzerland drops trou for charity   
Rolex China Sea Race 2014 - nip and tuck for IRC honours   
Antigua Classic Yacht Regatta - 27th edition underway   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
X6XL NEW US