Yacht VAT Compliance for Commercial Operations
Calculation and justification of the VAT rate applicable to each leg of a charter or transport agreement, through to the final invoice wording.
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Yacht Fuel Logbook Compliance for Mixed Commercial Use
Keeping of the fuel logbook and year-end report for mixed commercial use, supporting customs monitoring of tax-free fuel.
The taxation of fuel products varies depending on whether the commercial use of the yacht takes place under a charter agreement or a transport agreement:
Under charter (rental), it will obtain fuel supplies without VAT 20% (subject to the status of 70% navigation rule) but with TICPE (Taxe Intérieure de Consommation sur les Produits Énergétiques — Domestic Tax on Consumption of Energy Products). The amount of the TICPE is approximately €0.60/litre.
Under transport (cruising), will obtain fuel supplies without VAT (20%) and without TICPE (€0.60/litre).
Commercial yachts are authorised to mix the two types of status and therefore fuel during the same year under the status “mixed commercial use of yacht”, subject to keeping a fuel logbook and the provision, at the end of the year, of a fuel logbook to the Pôle Action Économique (Economic Action Division) of French customs and the payment of any balance of TICPE (no refund allowed).
FLYN-YACHTING will compile (in the case of a premium annual contract) a fuel logbook in the case of mixed commercial use. The contract includes:
- All of the commercial and non-commercial cruises of the yacht, by date (distances covered). FLYN-YACHTING may, where necessary, compile these distances, based on the AIS, with the list of the various commercial agreements carried out.
- All of the fuel supply invoices with volumes, full amounts, and tax/tax-free status.
- Standard consumption (en route and at anchor).
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Related regulations
70% Rule Yacht VAT Compliance — High Seas Qualification
Counting and certification of qualifying international commercial voyages against the 70% high-seas threshold.
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