import your A/C VAT free
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Join Date: Aug 2005
Location: In a house. Rented - the bank took the other
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import your A/C VAT free
This is good news!!!!
We can now get arround the VAT by simply letting Danish companies import the aircrafts we buy eg in the US.
I saw it on www.the-airplane-company.com
Just for info
We can now get arround the VAT by simply letting Danish companies import the aircrafts we buy eg in the US.
I saw it on www.the-airplane-company.com
Just for info
Join Date: Jun 2003
Location: EuroGA.org
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A number of "aircraft consultancy" outfits offer this service. One of the trust registration agents, Avcorp I believe, do the same.
It's not cheap, of course. They know that you (assuming you are NOT a VAT registered person or corporate body **) will save 17.5% so they charge you a good whack for passing the plane through the Danish ownership.
A lot of people are saying this device will be plugged soon, but a seminar I went to recently (an aviation lawyer, etc) indicated that while UK Customs really hate it, and have protested to the EU, they can't do anything about it.
** Otherwise, there is no VAT saving because you claim it back. However it may still be worth doing because a VAT-free plane is more marketable. Or the proposed usage would not qualify for a full VAT reclaim...
It's not cheap, of course. They know that you (assuming you are NOT a VAT registered person or corporate body **) will save 17.5% so they charge you a good whack for passing the plane through the Danish ownership.
A lot of people are saying this device will be plugged soon, but a seminar I went to recently (an aviation lawyer, etc) indicated that while UK Customs really hate it, and have protested to the EU, they can't do anything about it.
** Otherwise, there is no VAT saving because you claim it back. However it may still be worth doing because a VAT-free plane is more marketable. Or the proposed usage would not qualify for a full VAT reclaim...
Thread Starter
Join Date: Aug 2005
Location: In a house. Rented - the bank took the other
Age: 49
Posts: 29
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I donīt know about gliders and aerobatic. But on a UDS300.000 A/C one could save quite a lot of money. And according to the 6th eu directive I donīt think they will close that loop hole
