Posted: 27th March 2018 | Written by: Chris Allix
It is well known within the yachting industry that the EU Commission has issued a notice to Malta and Cyprus that they intend to commence infraction proceedings against them in relation to their leasing schemes. We understand that Malta will defend the scheme with a robust defence, so what is the basis of the EU's attack?
Posted: 26th February 2018 | Written by: Steven Marquis, Senior Relationship Manager
One of the themes discussed at the recent Superyacht Investor Conference was yacht management and its role for both the owner and the captain. Sarnia’s Steven Marquis summarises why effective yacht management brings value for money and peace of mind to owners and their wealth management team who don’t always have the specialist knowledge required to meet industry expectations and regulations themselves.
Posted: 19th February 2018 | Written by: Marcus Sinkinson
Have you ever heard of anyone outside of the yachting industry able to save more than 80% of their salary? It’s practically impossible unless you’ve managed to somehow wangle free accommodation and live like a hermit. But for crew, the yachting industry represents an extraordinary financial opportunity that should not be taken lightly.
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?