Benjamin Franklin said that "nothing is certain in life except death and taxes". Sadly we can't offer a way to avoid the former, but we can help you navigate your way through the complex world of EU Value Added Tax (VAT) and customs duties.
The tax team at Martyn Fiddler Aviation is comprised of qualified Chartered Tax Advisors with over 70 years of combined experience.
In brief our services include:
- Tax advice from a long standing team well known in the business aviation sector, benefitting from a wealth of practical industry experience;;
- Formal tax opinions providing clear practical advice on implementation, and giving the customer confidence in the proposed way forward;
- Advice encompassing both VAT and Customs implications, including customs duty issues covering the practicalities of importation and mitigation of customs duty;
- Assistance with accessing and verifying advice in other jurisdictions, as well as covering both sides of a cross border transaction;
- A high level of indemnification;
- Access to a world-wide network of relationships with other specialist tax advisors;
- A focus on the need for cash-flow efficiency for the client through the provision of careful and timely advice;
- Review of contract and ownership service to ensure our clients are fully compliant with EU VAT and customs laws;
- Provision of EU tax status reviews for target aircraft;
Martyn Fiddler Aviation can provide a timely, practical and joined up approach to assist you, starting with our tax planning and advisory service. We have a wealth of experience in dealing with revenue and customs officials in the EU and are practised in finding practical and realistic business friendly solutions for customs and VAT issues – whether your aircraft is arriving into the EU for the first time or you are looking to transact aircraft business within the EU.
And while our expert team's many years' experience allows us to advise on the optimum ownership and import regimes for any planned purchase and operation of a target aircraft in the EU, we can also offer a review service for existing ownership arrangements and aircraft to understand whether there is any call for change – confirmation that everything is in order may actually mitigate one of Benjamin Franklin's certainties... at least for the present!
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Be Prepared for 31 December 2020
In less than 4 months’ time the UK will leave the European Union (31 December 2020). At the time of writing there is no agreement in place to determine what the status of goods (including business aircraft) imported into the EU (including the UK and Isle of Man) before 31 December 2020 will be.
In the newsletter attached Martyn Fiddler Aviation outline the list of possible results, explaining the impact of each scenario and the work that will be requested of aircraft owners in order to remain in free circulation in both the UK and the EU.