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Yachts
VAT presents particular problems for yacht owners. Yachts often move around the EU and thereby encounter the VAT regimes of the various Member States.
What is acceptable in one Member State is not acceptable in another. Whilst some EU territories adopt a benign approach to VAT, some authorities (principally the UK) have a particularly harsh attitude to the application of VAT on the yachting sector and will apply arguments that they would not consider appropriate in any other sector to collect VAT or prevent VAT refund claims by businesses.
Our VAT advice team have strong resolve in seeking fair VAT outcomes with HMRC regarding these cases.
Our VAT advice team has experience in many specialist sectors and business transactions, including:
Click on a link to find out more about how we can help your specialist organisation to minimise its VAT payments.
