sail-world.com
 
 
News Home Cruising Photo Gallery Video 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

America's Cup: Group agrees to co-operate in London Meeting by Richard Gladwell/Sail-World.com/nz,














America's Cup: Alameda makes overtures on Venue hosting for San Fran *Feature by Richard Gladwell/Sail-World.com/nz,














































2014 Pacific Cup - Scarlet Runner wins by Vanessa Yates, Hawaii






BIC Techno 293 Worlds 2014 - Day 6
PWA Fuerteventura Grand Slam - Wind teases competitors on day 2
Women’s Match Race Golfe du Morbihan - Action-packed day of racing
Herreshoff Marine Museum announces successful fundraising campaign
Brewin Dolphin Commodores' Cup - The most comprehensive victory yet
Anna Tunnicliffe holds fourth at mid-point of Reebok CrossFit Games
2014 29er North American Open Championship - Australians win
INSA Sabot II Invitational Regatta - Erik Hou claims victory
CMRC Summer Invitational Series - Maxi Soh wins Doubleheader A event
International Moth World Championships - Nathan Outteridge wins
PWA Fuerteventura Grand Slam - First blood to Toselli and Angulo
Melges 24 Nationals - Record entries for 2014 and 2015 venue revealed
Women’s Match Race Golfe du Morbihan - Anna Kjellberg claims the lead
Jessica Uniack Memorial Beach to Bay Race at Long Beach YC
Laser Radial Men’s World Championship - Poland tops the leaderboard
America's Cup - Four teams confirm full support regardless of venue
Plastic Classic takes place at Mariposa Hunters Point YC
Six Metre European Championship - No champion declared for 2014
J/Teams sail tough Chicago Mackinac Race
Anna Tunnicliffe wins first event of Reebok Cross Fit Games + Video
2014 Pacific Cup - Skill and luck required for victory   
Six Metre European Championship - Action resumes on day 4   
BIC Techno 293 Worlds 2014 - Day 4   
PWA Fuerteventura Grand Slam on the horizon   
Rolex Big Boat Series - Golden Jubilee to take place this September   
DH Pacific Cup - Running with the pack + Video   
Women's Match Race Golfe du Morbihan - Testing day in Vannes   
Brewin Dolphin Commodores' Cup - Ireland establishes solid lead   
International Moth Worlds: Outteridge charges into the lead + Video   
Marina Rubicón Round Canary Islands Race - First blood to Team Brunel   
ISAF Youth Match Racing Worlds - Competition heats up on day 2   
Laser Radial World Championships - Competition aplenty on day 3 +Video   
Extreme Sailing Series - Penultimate Act to take place in Nice   
Leukemia Cup - Images by Leighton O'Connor   
Maxi Yacht Rolex Cup - Meeting of the grand designs   
29er North American Championship - Final series kicks off   
29er World Championship 2014 set to start in Kingston, Ontario   
Barcelona and Parnu chosen for 2015 ORC championship events   
2014 Race for Rady Yacht Race - Benefiting Rady Children’s hospital   
CMRC Summer Invitational Series - Doubleheader events start tomorrow   


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.
XLXL NEW US
LocalAds   DE  ES  FR  IT