• What is Meant by ‘Use and Enjoyment’ of a Yacht?

    Posted: 17th August 2018 | Written by: Chris Allix, Dominion Marine

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    Whenever we read about VAT in the superyacht industry we see the phrase ‘use and enjoyment’, but what exactly does that mean? The rules and rates vary between EU member states but they are determined by the state where usage commences. Chris Allix of Dominion Marine explains how these are applied.
  • Dominion Marine: Shaping the Future of Yacht Ownership

    Posted: 2nd August 2018 | Written by: OnboardOnline

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    Last year, Dominion Marine took the opportunity to rebrand its entire business and launched their new ‘DM84’ image and website reflecting the pedigree of a company built on over 30 years of success in the superyacht industry.
  • How do Crew Access Good Financial Advice?

    Posted: 9th July 2018 | Written by: Johanna O'Brien

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    The UK has some of the tightest financial regulations in the world, but the offshore environment still lacks the same level of client protection. Many superyacht crew have fallen prey to bad financial advice, so Johanna O'Brien of Beacon Global Wealth Management highlights five important points to consider when choosing a financial adviser.
  • Ask the Expert: Life Insurance

    Posted: 14th May 2018 | Written by: Simon Dixon

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    Life insurance. One of the dullest topics on Earth UNTIL it becomes urgently necessary. That’s when you wish you had paid a lot more attention to it. Taking the time to get it properly organised, especially in a profession entailing a certain amount of risk on the high seas, is not only wise, it’s essential.
  • The Alternative to Leasing

    Posted: 27th March 2018 | Written by: Chris Allix

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    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?
  • Yacht Management in 2018 – How Sarnia Can Help

    Posted: 26th February 2018 | Written by: Steven Marquis, Senior Relationship Manager

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    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.
  • The Financial Opportunity of the Superyacht Industry

    Posted: 19th February 2018 | Written by: Marcus Sinkinson

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    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.
  • Key Points on Amendments to French Social Security Decree

    Posted: 14th November 2017 | Written by: John Cook

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    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.
  • Tax Changes for Buy to Let Investments Explained

    Posted: 3rd November 2017 | Written by: Patrick Maflin

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    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.
  • If You Haven't Yet Declared Your Earnings...

    Posted: 20th October 2017 | Written by: Patrick Maflin

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    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.
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