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
Multiple associations based in the UK and Europe joined together to obtain clarity on the VAT status of recreational boats in the wake of Britian’s departure from the European Union, effective at the end of 2020
Plans look to transform outdated USSR rules and regulations; calls for tax relief for boating investors
Spanish marine authorities make bid to lift recently imposed restrictions
Cruising Association member survey highlights post-Brexit outlook
Groups from a wide variety of industries are now active on legislation they would normally ignore
EU leaders will debate the issue at a summit next week
Yachting tourism has been open since late February
From the beginning of this week, Thailand has introduced a new scheme based on using yachts for quarantining which it hopes will provide a boost to its hard-hit tourism industry and especially its nautical tourism sector. Tourism is a mainstay of the Thai economy.
British Marine and RYA highlight potential new costs of trading second-hand vessels between the UK and EU
Following the release of the UK-EU Trade and Cooperation Agreement, British Marine and the Royal Yachting Association (RYA) have been working to understand the impact of various aspects of the agreement on both the marine industry and recreational boat owners.