The latest news from around the world on regulatory issues and legislation affecting the boating industry including taxes, trade tariffs, standards and environomental restrictions.
Regulatory Issues and Legislation
While British Marine, the trade body for the UK leisure marine industry, has welcomed the trade deal with the EU, it has warned that more work needs to be done and additional guidance is required from government in order to allow supply chains to operate as seamlessly as possible.
The deal still needs to be approved by the 27 EU governments and the European Parliament
The EU-UK Trade and Cooperation Agreement inevitably presents hurdles for Europe’s boating and related sectors on both sides of the English Channel – from VAT to border red tape, from travel curbs to rules of origin. Recognition of professional qualifications is at stake. There will be free trade in goods, ...
Under draft deal Spain extends Schengen arrangements to include Gibraltar
The UK’s Royal Yachting Association (RYA) has launched a Brexit update which provides a summary of the changes which will affect UK recreational boating as the rules change in January 2021.
A preview the leading article in IBI`s forthcoming issue has publisher Nick Hopkinson hoping for a workable Brexit agreement
Partners in the trans-Atlantic boat business are becoming increasingly hopeful that a renewed era of cooperation between the US and Europe will lead to an easing of trade tensions and tarrifs – particularly those imposed on the import of American-built boats into the EU. But second-stage tariff increases loom if ...
Foreign-flagged yachts can still visit Thailand if they can meet or undergo quarantine rules after arrival
It will be March 2021 at the earliest until there is any semblance of general tourism to Thailand, according to the Thai Minster for Sports and Tourism, Pipat Ratchakitprakan.
Transport Canada soliciting industry comment on proposed licensing amendments and fees for both pleasure boats and pleasure boaters
Guidance on yacht transporting and trading from British Marine and Peters & May
The French Directorate of Tax Legislation (DLF), part of the Ministry of the Economy and Finance, yesterday clarified key elements concerning the new VAT regulations regarding pleasure boat rentals and leasing payments.