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European Commission announces action on VAT evasion in the yachting sector
Philip Munn

12 March 2018

The European Commission has announced it is acting to end what it regards as VAT evasion in the maritime sector. The action follows revelations contained in the Paradise Papers of widespread VAT evasion in the purchase of ‘private boats’. The EU believes this evasion is facilitated by national rules which do not comply with EU VAT law.

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