Many of you in the superyacht industry are well aware of recent problems and uncertainty in the Balearics regarding 21% import VAT for non-EU-flagged VAT-accounted-for vessels.  Even having been correctly imported into free circulation within the EU, they have been treated as non-EU goods when sailing out of the EU Customs Union (even just for one day) and re-entering Spanish waters.  The problem has occurred due to vessels failing to obtain the correct ‘return goods relief’ documents on export from the Customs Union and subsequent re-import.

Network Marine Consultants now has solution to this problem, even for those who did not make the required export declaration on exit from the EU.  Please contact us as soon as possible to discuss on or telephone 00 34 971 403 903.