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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.

Yacht Registration

Yacht Registration - An Introduction
The British Register of Ships & The Red Ensign Group
The UK Ship Register (Part I) v. UK Small Ships Register SSR (Part III)
Registration of Yacht Tenders
The Yacht Radio Licence – A Guide To Licensing, Call Signs, MMSI Numbers & More
The Carving & Marking of Yachts – A Guide
Delaware Yacht + Vessel Registration – A Warning!
Netherlands / Dutch ICP Yacht Registration – A Warning!

Yacht Registries

Cayman Islands Yacht Registration
Guernsey Yacht Registration
Isle of Man Yacht Registration
Jersey Yacht Registration
Malta Yacht Registration
United Kingdom (UK) Yacht Registration

Yacht Operation

EU VAT & Yachts – Frequently Asked Questions
Temporary Admission (Temporary Importation) for Yachts in Europe
The Charter of Yachts in the European Union
Cruising Licences for Yachts in the United States
Yacht Leasing In Malta

Yacht Survey & Certification

The Tonnage Measurement Survey
Rules for the operation of Private Pleasure Yachts under the British Flag
Rules for the Charter of Yachts Under 24 Metres under the British Flag
Rules for the Charter of Yachts Over 24 Metres under the British Flag
The Intended Pleasure Vessel Code (IPV Code)
Rules for the Charter of Yachts under the Malta Flag
Marshall Islands – Yacht Engaged In Trade (YET) Dual Private & Commercial Charter Yacht Registration

Yacht Agents

Guernsey & Jersey: Channel Islands Yacht Export & Delivery
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@oceanskiesltd

24 January 2020 at 20:06

Join us for the final weekend of the 2020 edition of @nonstopboot BOOT Dusseldorf to discuss our yacht registration and crew payroll services… #Oceanskies #bootduesseldorf #duseldorf #boot2020 #bootdusseldorf #dusseldorfboatshow..pic.twitter.com/dMsmf8YeAUAU

@oceanskiesltd

21 January 2020 at 18:19

The first four days of the 2020 edition of @nonstopboot BOOT Dusseldorf have flown by.... Please do not hesitate to contact us to meet up to discuss our yacht registration and crew payrollinstagram.com/p/B7l2ydWlcLf/…y4xR

@oceanskiesltd

18 January 2020 at 15:44

The 2020 edition of @nonstopboot Dusseldorf Boat Show is open! Duncan is in Germany for the duration of the show and will be joined by Ryan later this week – please do not hesitate to contact us to meet up to discuss our yacht registration and crew payroll services… #boot2pic.twitter.com/n0DTuruHNTuHNT