Maritime

Since the early 2000s, our advisers have assisted clients with VAT and Customs matters relating to both commercial and private yachts, as well as commercial shipping. Our experience spans the UK, Isle of Man and EU, covering all aspects of yacht ownership, operation and transaction structuring.

Our expertise includes advising on:

• VAT and Customs implications of yacht purchases and sales
• private and commercial charter arrangements
• business and non-business usage for commercial yachts
• maintenance, refit and refurbishment projects
• VAT recovery and input tax management
• application of zero-rating provisions
• VAT registration and deregistration
• dealing with authority enquiries
• business plan preparation and support
• Returned Goods Relief, Temporary Admission and other Customs procedures
• buy-side and sell-side VAT and Customs due diligence
• structural and compliance reviews
• refinancing and restructuring
• flag state changes