As a good rule of thumb, the estimated annual operating costs of a yacht will run at about 10 to 12% of the initial purchase price. This takes into account the running costs, as well as the structural fees, financing and any tax or VAT obligations. It also demonstrates the importance and volume of the associated accounting work.

Sovereign Accounting Services, a subsidiary of the Sovereign Group, can assist with the preparation of year end accounts, the verification and approval of supplier invoices, budgeting, cash flow control including monthly accounting returns, VAT registration, VAT returns or tax refunds.

Share this story


Yachts on Italy’s Ligurian coast appear to have experienced the worst damage…