Possible Changes to Taxation on Your Luxury Yacht Charter

The French VAT application to charters is about to change – this is due to the Bacino decree, which now specifies that any ‘pleasure’ charter has to be taxed. In France, the VAT to be applied to charters is 19.6% of the charter fee; however this can be reduced, depending on the amount of time the yacht spends in French waters. There can be a 50% VAT reduction based on how long the yacht spends in international waters. So, a charter which starts in France, but spends a certain amount of time in international waters, will only have a taxation of 9.8%.

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The application of VAT to charters is currently under discussion, and depends on the boat’s ‘International Waters’ qualification. To define this qualification, the following criteria have been proposed in order to define the yachts:

– More than 15 metres in length
– Registered as a commercial vessel
– Permanent crew on board
– Spend more than 70% of its charters in international waters – this is classed as more than 12 nautical miles from the coast.

A vessel qualified as a ‘High Sea Vessel’, one that travels in to international waters, will have 0% VAT, whereas a vessel without this qualification will have a payment and recovery system for VAT.

These proposals are only proposals; they still have to be agreed by French authorities and the European Commission. If accepted, they shall be applied in June 2013. It has been requested that any charter contract signed before this date will not be affected by the new tax regulation.

So, are you looking to book your summer charter on the French Riviera? At www.boatbookings.com, we welcome everyone from sailing professionals to complete novices and will help you at every step of the way to make your dreams a reality. We have a team of highly skilled professionals who are extremely knowledgeable in their destinations and will be able to help you with any questions you may have.

Watch this space for the latest industry show releases, news and gossip in the yachting world. If you liked the content on this page and our previous posts, please become a fan and like our Facebook page to receive up to date information on our publications. Follow us on Twitter and Google Plus too.

Posted on March 5, 2013 by admin — No Comments ↓

The Fun Never Stops! Your Luxury Yacht Charter on WILD THYME.

Are you interested in exploring the French and Italian Riviera? The best way to explore the highlights of these beautiful coasts is by boat – no longer held up by traffic jams, when you’re out at sea you can just cruise on by. If you are looking to charter a yacht, a popular choice among the Boatbookings team is WILD THYME, an impressive Benetti Classic 120.

Accommodating up to 10 guests in 5 cabins, WILD THYME is available to charter at 105,000 € per week. With 3 double cabins and two twin cabins which are all en suite, the interior offers the utmost in luxury and glamour. With marble bathrooms and gorgeous furnishings, where better to get a good night’s sleep? With a crew of 7, who are lead by the experienced Captain Peter van Houweninge, they will ensure that your every need is met, and their service goes beyond expectations.

If you think the interiors are luxurious, the deck space is just as impressive! Offering opportunities for al fresco dining on multiple deck levels, and a bar on the fly bridge you will be spoilt for choice as to where you want to enjoy a meal or drink with your friends. With ample sun loungers and a jacuzzi, relax and enjoy the sun while enjoying the beautiful views that the Riviera has to offer.

At www.boatbookings.com, we welcome everyone from sailing professionals to complete novices and will help you at every step of the way to make your dreams a reality. We have a team of highly skilled professionals who are extremely knowledgeable in their destinations and will be able to help you with any questions you may have.

Posted on March 4, 2013 by admin — No Comments ↓

LA MASCARADE – Your Luxury Yacht Charter to Explore the Mediterranean!

LA MASCARADE, a fantastic Feadship 98, is available for your charter around the French and Italian Riviera. Whether you want to see the sights of St Tropez, moor in Monaco or cruise around Corsica, LA MASCARADE will take you there! Accommodating up to 8 guests in 4 cabins, she is available to charter from 45,000 € per week.

LA MASCARADE has smooth exterior lines and comes with an air of elegance. All 4 of the double cabins are en suite, and you are sure to get a great night’s sleep! The interior is bright and spacious, with whitewashed oak and light furnishings. The large windows in the main saloon ensure that it is light and airy when you step inside. But you don’t want to spend all your time inside! The sun deck and flybridge offer great opportunities for any sun worshippers – there is plenty of space for relaxing and space to seat 12 for a spot of al fresco dining.

At Boatbookings, we welcome everyone from sailing professionals to complete novices and will help you at every step of the way to make your dreams a reality. We have a team of highly skilled professionals who are extremely
knowledgeable in their destinations and will be able to help you with any questions you may have.

Posted on February 28, 2013 by admin — No Comments ↓

Visit L’Écrin Plage, Cannes, During Your Luxury Charter Vacation!

Cannes, home to the famous film festival, always proves to be a popular choice for yacht charters. With its sun, sea and sparkle (yes, the tarmac by the Palais des Festivals is in fact sparkly!) it’s obvious why people love it so. If you walk down the Croisette, the stretch between the two ports, on a hot summer’s day, Cannes is alive with people, whether they’re looking for beach restaurants or designer shops.

If you head down to Port Pierre Canto, you will come across L’Écrin, with their beach for relaxing and sipping cocktails, and restaurant for indulging in fine dining. Whether you want to grab a drink at their lounge bar, or try some of the fresh Mediterranean cuisine, stop off at L’Ecrin during your charter and enjoy yourself at one of Cannes’ most popular beach restaurants!

A great boat to get you to L’Écrin is SUR L’ONDE II, an impressive Baia Atlantica 78. Accommodating up to 8 guests in 4 cabins, she will take you around the French Riviera at a maximum of 48 knots! And if you get a bit tired of cruising, why not get picked up by helicopter? If you’re not sunbathing at the front of the yacht, you can fly your friends out to visit you at sea.

Are you interested in chartering on the French Riviera? At www.boatbookings.com, we welcome everyone from sailing professionals to complete novices and will help you at every step of the way to make your dreams a reality. We have a team of highly skilled professionals who are extremely knowledgeable in their destinations and will be able to help you with any questions you may have.

Posted on February 22, 2013 by admin — No Comments ↓

Charge Across the French Riviera on Luxury Yacht RHINO!

If you’re looking to explore the French Riviera at speed, RHINO, a Riva Domino 86, is one of the best ways to go about it! Accommodating up to 8 guests in 4 cabins, RHINO is available to charter from €56,000 per week.

RHINO is a combination of speed, luxury and style! With modern and elegant décor inside, the sprawling decks invite you outside to have some fun in the sun.

Posted on February 20, 2013 by admin — No Comments ↓