VAT

Does your yacht company comply with the new 2010 VAT rules? Is your yacht company registered for VAT in every country where your yacht might be used?

Changes on 1 January 2010 mean that most yacht-owning companies will now have to account for VAT in each country where the yacht is boarded or used. Inaction is no solution. Failure to follow the new rules puts the yachts themselves at risk of seizure, as well as attracting significant penalties. Please contact us for more details on our turn-key, Europe-wide solutions which:

• Require minimal changes

• Reduce VAT registration costs

• Remove VAT registration delays

• Provide VAT cover throughout the Mediterranean

• Have been disclosed to our VAT authorities

We are available to review your current circumstances regarding ownership and use, to identify the most cost-effective solution.

Through an associate, OBC, located in the Isle of Man company, it will not be necessary for you to register in multiple jurisdictions. Thus, you can keep the ownership of your yacht confidential whilst maximising its commercial potential!