Yacht Charter Malta

On May 3, 2013, the Court of Magistrates in Malta gave judgment in favour of S&D Yachts Ltd of Malta following a dispute over the applicability of VAT charged by S&D Yachts on supplies made to a client vessel.

It was found by the court that S&D Yachts had been correct in charging VAT to the vessel and the vessel was ordered to pay the unpaid VAT amount plus interest and costs.

The vessel had refused to pay VAT on the grounds that they were a commercial yacht.

It was however found that the vessel’s commercial certification had lapsed and that there was no evidence of the vessel being engaged in charter activity.

On this basis the vessel effectively was not commercial enough in the eyes of the court to warrant VAT free supplies.

The result of the case provides further case law precedent within the EU and specifically in Malta that to benefit from VAT free supplies a yacht must be earnestly pursuing a genuine commercial business.

Share →

Email

Call

Guernsey Office

Oceanskies Limited

Castle Emplacement

St. Peter Port, Guernsey GY1 1AU

Channel Islands, Great Britain

Malta Office

Oceanskies (Malta) Limited

56, Ground Floor, Europa Centre

Saint Anne Street,

Floriana FRN 9011, Malta

Instagram

Something is wrong.
Instagram token error.

Twitter

oceanskiesltd Today we have been at the Boreal Yachts yard in Brittany for the tonnage survey of three yachts in build undergoing… https://t.co/adwWz8yDyf
12hreplyretweetfavorite
oceanskiesltd Very pleased to welcome two new build world cruiser sailing yachts to @gsyharbours with a Sirius Yachts 40DS by Sir… https://t.co/x7Isp1mc8p
oceanskiesltd This afternoon we have been at Port Camargue in Le Grau du Roi for the tonnage survey of this @Wauquiez Yachts 58 P… https://t.co/xiOisXRDQY
oceanskiesltd This morning we have been in Antibes for the tonnage survey of this brand new @BENETEAU_France Oceanis 45 that we a… https://t.co/43uz0DUDZd
oceanskiesltd A stunning warm and sunny afternoon here at Port Hercule in Monaco ahead of a busy week for Oceanskies in the South… https://t.co/tMqJdE50lW

Follow Us

Facebooktwittergoogle_pluslinkedininstagram