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The French Reverse Charge (FRC) scheme

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A viable alternative to the FCE for non-EU companies
Non-EU flagged commercial yachts must be imported in order to carry out charter activities in the EU. Importation entails paying full rate VAT on the value of the yacht unless you qualify for importation under exemption. 

The FRC is an alternative to French Commercial Exemption (FCE). The FRC is not an exemption scheme. VAT is due and declared but the scheme allows it to be declared and reclaimed in the same VAT return when the yacht is imported. No actual payment of VAT is required.

The importation needs to be carefully planned since the owning company must appoint a fiscal agent and obtain a VAT number in addition to prior authorisation from the French customs.

H&V Yachting can advise you which importation scheme into the EU is most appropriate to your operational requirements.