Industry needs to protect itself against VAT issues

Taxation issues continue to cause concern and many believe the Industry needs to take steps to protect itself
VAT issues keep on arising in yacht ownership as European governments refuse to declare clear direction on how to deal with VAT on charters and commercially registered yachts.
This past season has not seen the arrest of yachts on the same scale as was seen last year, however industry experts at Fraser Yachts believe that for the long term the superyacht industry needs to defend its position to law makers.

If the charter market is disrupted by sudden tax changes this could have a disastrous effect on yacht ownership and the new construction of superyachts.