VAT authorities throughout Europe are now taking a close interest in the yachting industry, especially regarding VAT avoidance schemes. One, known as “cross border leasing” is already heavily under investigation.

PAS offers extensive VAT advice and knowledge based on 30 years experience within the industry.  We operate a specialised bareboat charter/lease programme which is recognised by Customs & Excise in the Isle of Man as a commercial enterprise.

This programme is specifically designed for pleasure yachts and has been in operation for Swan owners for over 25 years and allows direct access to expert VAT advice alongside a wide range of other services.  Our fleet of yachts travel the world knowing the system in which they operate has been tested and works to meet the needs of owners, crew, and the yacht herself.

We can incorporate companies for yachts, which are registered and operated as “commercial” and are to be used as full charter vessels.  This has multiple benefits for owners who wish to maximise the earning potential of their yachts whilst not being involved with the day to day of organising such operations.