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French 70% VAT rule exemption for 2020

French 70% VAT rule exemption for 2020

Commercial operations, both charter and transport contracts, have been given an exemption from meeting the 70% VAT rule for the past year, by the French tax authorities. In light of the global pandemic and limited opportunity for charter in 2020,

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Spanish yacht groups urge European Commission to challenge ‘unfair’ tax

Spanish yacht groups urge European Commission to challenge ‘unfair’ tax

Spanish yachting groups are urging the European Commission to challenge the country’s matriculation tax. Pictured is OneOcean Port Vell, Barcelona. The Spanish Superyachts Association (AEGY) and the Spanish Yachting Association (ANEN) are urging the European Commission to oblige Spain to

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VAT and superyachts: four key questions answered

VAT and superyachts: four key questions answered

Taxing questions: Ezio Vannucci, from law firm Moores Rowland Partners, answers four key questions about VAT. The European Commission’s decision to target tax breaks offered in the Italian and Cypriot yacht industries raises key questions about the interpretation of VAT

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