Yacht Owners Avoid Italy

Hein Velema CEO of Fraser Yachts said  “After a very nervous start to the year with lots of uncertainty about the VAT on charters in Italy we have seen the industry calm down somewhat. 

“There are good solutions available to register and pay VAT and it appears that most charter clients don’t feel the VAT rate is unreasonable. 

“Nevertheless, many yacht owners still preferred to avoid Italy this summer. Sardinia saw 30% less yachts visiting the island in comparison with last year.”