VAT Rates

COMMERCIAL BOATS AND SHIPS (Services relating to vessels and aircraft)

Rate

Zero rated: 0%

Remarks

Zero rate applies to supply of sea-going vessels more than 15 tons used for:

(i)    the carriage of passengers for reward

(ii)   the purposes of a sea fishing business

(iii)  other commercial or industrial purposes, or

(iv)  rescue or assistance at sea.

Value-Added Tax Consolidation Act 2010 (VATCA 2010) Ref

Section: 46(1)(b) Schedule: 2 Paragraph: 4(2)