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Understanding Superyacht & Business Jet Tax

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Quaynote is delighted to introduce Understanding Superyacht & Business Jet Tax, the one-day international event in Brussels, Belgium on Tuesday, 17th October, 2023. The conference seeks to demystify complex rules, ownership structures, VAT – and much more – across multiple jurisdictions.

Presented by leading tax and customs specialists, Understanding Superyacht & Business Jet Tax is timed to coincide with the launch of 2 new groups set to influence regulators – the Superyachts & Business Aviation VAT Think Tank and an EU group of business aviation experts lead by the EBAA. What`s more, the conference`s location in the heart of EU policy-making will create the ideal platform for discussion of tax matters between regulators and the superyacht / business aviation industries.

Targeting charter & sales brokers, charterers, tax advisors, corporate service providers, lawyers, family offices and policy-makers, Understanding Superyacht & Business Jet Tax is produced by Quaynote Communications, event management, PR and marketing specialists in the yacht and private jet industries for 18 years.

Our speakers will shed light on some of the thorniest tax issues that anyone involved in owning, chartering, operating or managing a superyacht or business jet needs to grapple with. Key topics to be covered at the conference include:

*The EU Customs Code & VAT Directive: How it is implemented into national legislation

*Brexit: Current UK customs and VAT regulations

*Inward processing relief: EU vs UK new opportunities

*Commercial, private, corporate?: the best structure for your yacht or jet

* EU, US and non-EU Europe: VAT, charters, transactions and more across the jurisdictions

* Temporary Admission, Import options, Stamp duties, transfer tax, withholding tax, cross-border claims, FCE, ICE, etc.

Officially supported by both our Gold co-sponsors, Tax Marine and Richemont Delviso, Understanding Superyacht & Business Jet Tax will provide an influential, networking platform for all industry professionals concerned with understanding and improving international tax regimes.

Crew injury, illness and death

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If asked what factors you think would ensure good staff retention in any organisation, you may cite salary, bonus, benefits and career prospects as playing a significant role in keeping people on board. You might also point to a positive workplace environment free of harassment or bullying, opportunities for training and skills development, or the importance of an employer whose corporate and social values are aligned with those of their employees, as being important in keeping staff engaged and loyal.

By contrast, how an organisation deals with staff injury, illness or death may not be the first thing that springs to mind when discussing employee retention. And yet, in environments such as a superyacht where captains, engineers, stews and chefs spend weeks working and living together, the way in which worse case scenarios are dealt with can have a huge impact on crew morale and ultimately, on retention.

You can see the full article using the link below:
Crew Illness, injury and death

 

Getting a smart education: Are virtual masterclasses the best way to learn?

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The first gearshift he points to in the insurance market is the reduction in the number of underwriters offering yacht coverage. “This makes the job of the broker more challenging” notes Huens. Not only are there less underwriters to provide
“And how is education supposed to make me feel smarter? …Every time I learn something new, it pushes some old stuff out of my brain.” So exclaimed cartoon anti-hero Homer Simpson, before he goes on to elaborate, “Remember when I took that home wine-making course, and I forgot how to drive?”

While it`s true – as many of us can testify – that as time goes on, we have the impression, like Homer, of forgetting more than we learn, the opportunities for acquiring new knowledge and skills have arguably never been greater. The internet and the virtual world, for all their sins, have opened-up a vast world of information and learning. And all of this available at the click of a button.

Continuous professional education is indeed a requirement for many lawyers, accountants and others, who are expected to undergo a certain number of hours training per year in order to carry on practising. Quaynote and other providers can offer attendees the opportunity to acquire their CPD (continuous professional development) or equivalent points via their participation at industry conferences.

See the full article following the link below:
Getting a smart education

Insuring tomorrow`s superyacht

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Originally a shipping lawyer, Vincent Huens de Brouwer`s journey to becoming a superyacht insurance broker was not an obvious one. Indeed, his company, Covership, is one of a new breed of market entrants who represent something of a reverse trend in a contracting sector. Vince set up his own yacht insurance brokerage five years ago, a time when others were consolidating, scaling back or pulling out of yacht insurance altogether.

We caught up with Vince to find out more about what, in his opinion, is behind these industry changes and what Owners of the future should expect when they come to insure their yachts. Reflecting on his shift from shipping to yachting, from law to insurance, he explains “What I like about insurance is that you find risk solutions for your clients and you solve their claims, which can be very satisfying.”

You can read the full article using the link below:
Insuring tomorrow`s superyacht

Preparing your superyacht for sale or charter: brokers tell all

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With reports of superyacht sales reaching record levels during the pandemic, it got us wondering if Owners looking to sell are taking full advantage of this buoyant market. How do you achieve the best price or quickest sale of your yacht? What should the Owner or their representatives do to prepare the yacht for sale?

To answer these questions and more, Tina Collins and Mike Rouse of West Nautical joined Lorna Titley from Quaynote and shared their insights on the latest trends in superyachts sales and chartering.

Read the full article using the link below:

Preparing your superyacht for sale or charter

Future of Superyachts

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Taking place in London, a key focal point for the superyacht industry, The Future of Superyachts will attract a broad spectrum of leaders including superyacht captains, Owners, charter brokers, charterers, agents, yacht managers, tourism specialists, policy-makers, sales brokers, family offices, financiers, lawyers and corporate service providers.

The conference programme will focus on key topics such as:
* What`s the future for the Superyacht Industry?
* How can we address industry skills shortages going forwards?
* How will superyacht insurance evolve?
* What legal developments will shape the future of the industry
* Crypto, AI and XR explained
* The Media & the Superyacht Industry: How is the superyacht media changing
and how well is the industry taking advantage?
* Sustainability and Ecology: How can we really make an impact?

You can register for a delegate place using the link above, or for further information on sponsoring or exhibiting please email lorna@quaynote.ca   

 

Superyacht insurance today: why quality wins over price

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Insurance has been around since the 1600s, but in the last few years the increase in natural disasters has led to changes in the way this centuries- old business operates. We spoke to Richard Felipes, Marine Insurance Consultant and Nicolas Palacios, Business Development Executive at Capurro Insurance to discover the latest trends in the superyacht insurance sector.

See the full article below:

Superyacht insurance today: why quality wins over price

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