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EU VAT & Yachts – Frequently Asked Questions

1. I am an EU resident using my yacht for private pleasure use in the EU – does my yacht need to be EU VAT paid?

Yes – the EU authorities will expect your vessel to be VAT paid.

 

2. I am an EU resident using my yacht for private pleasure use in the EU – can I legally avoid the payment of VAT by owning and/or registering my vessel in a Non-EU jurisdiction?

No – the EU authorities ‘look through’ any non EU ownership and/or registration that a yacht may have and determine the liability to pay VAT on a yacht on the residence of the principal users of the vessel – in simple terms this is the person(s) who are enjoying the yacht.

3. Can I avoid paying VAT on my yacht by running it as a yacht charter business?

Yachts that are run as bona fide commercial businesses can in certain limited circumstances qualify for VAT exemption. We have produced a guide to some of the fiscal and legal considerations of yacht charter in the EU that includes a section concerning VAT exemption that can be found here on our website at the following link:

 

The Charter of Yachts in the EU – A Guide

4. I am a Non-EU resident using my yacht for private pleasure use in the EU – does my yacht need to be EU VAT paid?

Potentially you can keep the vessel within the EU without paying if you can comply with the EU rules for Temporary Admission. See our online guide here for further information:

Temporary Admission – A Guide
 

As a caveat we would stress that we are a yacht registration and documentation agency and not legal and/or tax advisers so none of the foregoing information should be treated as any kind of formal legal or tax advice. Readers are therefore advised to take appropriate professional advice specific to their individual circumstances before taking any action based on the contents of this or any other page of this website or any correspondence with ourselves.

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@oceanskiesltd

25 March 2020 at 07:58

Here is a batch of Tonnage Plates for yachts we are registering with @RedEnsignGroup under British flag here @oceanskiesltd HQ awaiting courier despatch. These plastic strips are an important part of the yacht registration process #yachtregistration #yachtregistry pic.twitter.com/5xGR7f0Xo3

@oceanskiesltd

17 March 2020 at 07:43

A beautiful start to the day again here @Oceanskies in St. Peter Port Guernsey were we are pleased to welcome the latest @sunseeker_int Sunseeker 50 Predator #Guernsey @guernseyharbours @locateguernsey @vistguernsey #PositiveVibes pic.twitter.com/rajLtbGriM

@oceanskiesltd

16 March 2020 at 13:42

On this sunny Monday we are pleased to welcome this beautiful @Sunseeker_Intl 76 Yacht to @gsyharbours which is undergoing @RedEnsignGroup registration with Oceanskies - Anyone would think its Summer! #yachtregistration #yachtlife #Guernsey @LocateGuernsey #PositiveVibes pic.twitter.com/gy0sguWV5S

@oceanskiesltd

11 March 2020 at 16:55

Today we have been Northern France visiting an incredibly busy @Lagooncats factory near La Roche sur Yon for the tonnage survey of a newbuild Lagoon 46 sailing catamaran undergoing @RedEnsignGroup registration by Oceanskies #lagooncatamaran #yachtregistration #tonnagesurvey pic.twitter.com/rwmKAuzOvX

@oceanskiesltd

10 March 2020 at 17:21

Today Duncan has been in a sunny and warm Monaco for the tonnage survey of an @PrincessYachts Princess 82 undergoing red ensign registration by Oceanskies - we are a leading yacht registration agency working with the world’s best yacht registries #yachtregistration #tonnagesurvepic.twitter.com/PUl9Sy4L9a9a

@oceanskiesltd

04 March 2020 at 06:53

Very pleased to act as agents for the visit to @gsyharbours of a @Sunseeker_Intl 76 Yacht @PrincessYachts Y78 #Sunseeker #SunseekerYachts #SunseekerFamily #Princess #princessaroundtheworld #Princessyachts #Guernsey @VisitGuernsey pic.twitter.com/Y3Tk7X8paE