- If the APA expenses are invoiced directly to the end user (i.e. the charter guest) who typically has no right of recovery of VAT then the APA amount in the charter agreement should not have VAT applied (so as to avoid double taxation).
- If the APA expenses are invoiced to the owning company, who would typically have the right to deduct the input tax from the suppliers, then VAT must be charged on the APA.
nb. The information provided is correct at time of publication and is subject to change. Always seek proper advice. Feel free to contact us for further information surrounding any Vat/Tax or other Yacht related queries. firstname.lastname@example.org
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This post was written by Declan O'Sullivan