|
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 |
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... |
I understand that this loophole does not apply to sports aircraft - gliders and aerobatic types!!:(
|
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
|
Sadly aerobatic types do not qualify for the zero rate; this includes warbirds. Not an incentive to keep the old dears flying. :(
|
| All times are GMT. The time now is 10:39. |
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.