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The $8 Million Swimming Pool

What do you do with a derelict syncrolift last used to lift communist navy submarines.There it is rotting away an eyesore and a blot on the landscape.  Its very presence is a distraction to the fast developing infrastructure of Porto Montenegro the marina complex developed by Peter Munk and others.The answer is simple, throw eight… Continue reading The $8 Million Swimming Pool

VAT and Chartering in Italy

Italy will be following the EU directive and charging VAT on chartering in her waters this summer.  But it is not simply a matter of any yacht in Italian waters must pay VAT. Fiona Maureso, Head of YPI Charter has worked hard on drawing up some simple rules for yachts on charter for less than… Continue reading VAT and Chartering in Italy

Comment of French VAT Exemption Row

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… Continue reading Comment of French VAT Exemption Row