On 25th June, the French Authorities announced that as from 15th July 2013 all yacht charters signed or commencing on or after that date will be subject to French Value Added Tax on the cost of the same.
Arrangements for the collection of the VAT and payment to the French Authorities are now having to be considered. There are a number of agencies who have contacted us with a view to offering their expertise in providing this service.
It has been known for some time that the French Authorities would have to impose VAT on yacht charters following the Bacino case but the manner in which this would be carried out and the timescale was uncertain until this week.
The authorities are expected to provide further information with regard to the practical issues involved with the collection and payment of the VAT … Read More »
Safehaven have undergone an audit by Lloyds Register to comply with Standard A1.4 and guidelines B1.4 of the requirements of the MLC 2006 and have been issued with a Statement of Compliance.
Following a review of the implications of the MLC, which is due to be implemented on 20th August 2013, Safehaven has been pro-active in ensuring that it’s procedures and records are compliant with the convention before it comes into force albeit that it has not yet been fully ratified.
The view has been taken by the company that, whilst the scope of the convention is unclear with regard to the yachting industry in general, the requirements of the same do, in many regards, constitute best practice and as a result compliance has been duly considered and organised by the company.
The company is pleased to confirm that it is keeping … Read More »