VAT can be a difficult subject to navigate - in 5 pages we give #superyacht captains everything they need to know about buying from a provisioner

1. VAT & TVA EXPLAINED
A provisioners view of European VAT law

2. COMPLICATED but not impossible
2
Photo by jDevaun - http://flic.kr/p/8v1BBQ

3. WE PAY VAT
• On everything we buy in FR
• 2.1% on Magazines
• 5.5% of Food
• 20% on everything else
• On everything we buy in UK
• 0% on food
• 20% on everything else

4. WE CHARGE VAT
• On everything that we deliver:
• In the UK
• In France
• Because:
• We get inspected to make
sure that we comply
• We pay if things haven’t
been done properly
Photo by David Kracht - http://flic.kr/p/dm3USM

5. REMEMBER
• VAT is the largest component
of any bill
• It is always much more than
excise duty on alcohol
• If you are VAT registered:
• you can claim back VAT
• we can deliver VAT free
outside France
Photo by antonychammond - http://flic.kr/p/cguFJ5

6. OUTSIDE FR
• EU distance selling
regulations stipulate:
• If you are VAT registered,
deliveries outside France
can be zero rated
• If you are not VAT registered
we still need to charge you
VAT

7. WORLDWIDE no VAT
Photo by NASA Goddard Photo and Video - http://flic.kr/p/dyKu1P

8. –Benjamin Franklin
“In this world nothing can
be said to be certain,
except death and taxes”