Comment of French VAT Exemption Row (10/12/2011)

Chris Allix, director and founder of Dominion Marine Corporate Services, comments on the recent referral of France to the European Court of Justice and the implications for the yacht industry.
Chris gives his opinion below:
«There has been a recent spate of articles concerning the French zero rating of commercially registered charter yachts, and in particular their definition of the “high seas”.
In fact, the European Commission has referred France to the European Court of Justice because of the exemption given by the French Authorities to the charter yacht industry.
MYBA recently issued a note to their members, underlining that this was referred by politicians and it is now up to the European Court to establish whether there is even a case to answer. (Super Yachts News, 12 October 2011)


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