Oceanskies are able to assist owners with the import and export of their aircraft into and out of the European Union (EU) handling formalities either directly or in conjunction with leading customs agents.
Temporary Admission is an EU mechanism designed in its simplest terms to enable non EU resident aircraft owners to operate their aircraft within the EU for a certain period of time without liability to pay the EU VAT that otherwise would be payable upon their first arrival into the EU.
The current period of time that an aircraft is allowed to remain within the EU under such relief is six months which in certain circumstances is extendible.
A similar relief from paying VAT on import is also in certain cases available to aircraft arriving purely for maintenance work to be performed.
To qualify in all cases for Temporary Admission strict terms and conditions exist pertaining to the operation of Temporary Admission relief to prevent abuse of the system.
Generally speaking an aircraft owner will be required to make a full importation whenever the aircraft arrives into the EU from a non EU airport.
Situations where a formal import would usually be required include:
- The first arrival into the EU of an aircraft constructed or purchased outside the EU
- The arrival of an aircraft into the EU that was built within the EU for export but is now returning to the EU
- The arrival of an aircraft into the EU that is non-EU owned and would otherwise qualify for Temporary Admission but intends to perform cabotage within the EU
In certain cases a formal export of an aircraft should be made from the EU, for example a new build aircraft sold by the manufacturer as an export from the EU on a zero rated VAT basis.
Oceanskies is conveniently based in the Channel Island of Guernsey.
Guernsey has a special fiscal status in that it is outside the EU for VAT purposes but within the EU for customs purposes.
In certain situations this makes the island a useful stopover for aircraft leaving the EU to clear customs as evidence of their departure and export from the VAT territory of the EU.
In certain situations it also makes the island an ideal place for the sale of aircraft to take place outside the scope of EU VAT.
Oceanskies is able to provide a fully comprehensive aircraft concierge, handling and customs agency services in such situations.