Posted: 14th November 2017 | Written by: John Cook
It would seem there are already a number of people that believe the proposed amendments to the French Social Security Decree will solve the issues that have been concerning the yacht sector since the Decree was first announced in March 2017, but I am sorry to report that this is not the case.
Posted: 3rd November 2017 | Written by: Patrick Maflin
Despite the recent changes to stamp duty and mortgage tax relief, making some investors question the reliability of Buy to Let Investments as an asset, they will always remain a staple when it comes to investments in the UK.
Posted: 20th October 2017 | Written by: Patrick Maflin
As of the 1st of September 2017 in the UK, HMRC started receiving details of bank accounts, trusts and holdings as a result of the Common Reporting Standard. So if you've just finished a busy çharter season and you haven't yet declared your earnings, here's some good advice.
Posted: 4th October 2017 | Written by: Dan Armsden
The French social security decree (No 2017-307 of 9 March 2017) has been a hot topic for much of 2017. The implementation has not been smooth, creating confusion, uncertainty, alienating French and non-EU crew and resulting in a significant loss of business across the French maritime regions and further afield.
Posted: 27th August 2017 | Written by: Simon Dixon
Back in the day of Henry VIII, life aboard a naval warship was akin to being in prison with the added danger of being cannonballed, drowned or killed by primitive medical care. Thankfully conditions have improved and these days you don’t need a king’s ransom to fully cover yourself or your crew from the hazards of life at sea.
Posted: 23rd August 2017 | Written by: Bruce Maltwood
For a yacht to be in free circulation within the EU it has to have been supplied in the EU, imported into the EU or grandfathered in by way of VAT exemption on age. If your yacht was supplied in the EU as a domestic supply with VAT applied then the chances are that yacht is in free circulation and no importation is required. If a yacht is operated privately under temporary admission...
Posted: 20th August 2017 | Written by: Patrick Maflin
It's Groundhog Day... you save and you spend. You save and you spend. The cycle never stops. You're a hamster on a treadmill - spinning away, yet standing still. Don't get me wrong, yachting is a lot of fun, and there are far worse treadmills to be on, but surely there must be more? So what if instead of working for the boss you start thinking like the boss?
Posted: 25th June 2017 | Written by: Patrick Maflin
Eventually the time comes for all yacht crew to address their tax situation and to accept that this is inevitability, not a choice. There are still so few UK/EU resident crew who are aware of the existence of SED, or that taking advantage of this unique tax position affords significant benefits. There are many reasons for this, but here's what you need to know.
Posted: 1st June 2017 | Written by: John Cook
Following news of changes to the French Social Security system, for many yacht crew the implications remain clear as mud. Having scrutinized every point, John Cook cuts through the confusion to summarize exactly what you need to know.
Posted: 18th May 2017 | Written by: Patrick Maflin
In the words of David Crosby ‘You got to speak out against the madness, you got to speak your mind if you dare’. The yachting community definitely spoke its mind yesterday evening in response to the French Decree (Décret no.2017-307) announced on 9 March regarding changes to French Social Security payments for yacht crew.