Bespoke - for private clients

Can you escape the VAT clampdown on private jets?

Monday, June 27, 2011 | Posted by: Graham Brearley
Categories: Personal, Protecting your wealth | Tags: tax, VAT, legislation, Graham Brearley, aircraft, jets, private jet, flying, European Commission, legislation change, airline, executive jet, zero-rating

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Flying your own plane or executive jet got a lot more expensive this year following a change in the UK VAT law on the supply or importation of private aircraft. Aviation specialist and Senior VAT Manager at Grant Thornton, Graham Brearley, explains why and calls for a simplification of the law.

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Don’t get sleighed by new VAT rules on boats and aircraft

Thursday, January 06, 2011 | Posted by: Gary Woods
Categories: Business, Personal, Protecting your wealth | Tags: business, tax, HMRC, VAT, Gary Woods, aircraft, residence, jets, flying, planes, sailing, transport, Santa, European Court of Justice, boat

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If you’re thinking of trading in your boat or jet for a newer model in 2011, you may find the cost adds up to more than you think. As we’re still feeling festive, let’s take Santa and his sleigh for a ride through the new VAT rules.

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Private jets to lose VAT-free status

Thursday, July 16, 2009 | Posted by: Grant Thornton
Categories: Personal | Tags: VAT, Graham Brearley, aircraft, jets, private jet, European Commission, legislation change

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To fly or not to fly − that is the question facing owners of private jets this week after the UK was told to amend its VAT legislation affecting aircraft weighing more that 8000kg.

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