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Zero-Rating & Leasing to Airlines
A key issue for aviation intermediaries (such as operating or finance lessors) is identifying when the supply of aircraft to such a recipient can be exempt from VAT in the European Union. Under the EU VAT Directive the supply of any aircraft which is used by an “airline operating for reward chiefly on international routes” is treated as an exempt supply with VAT recovery (referred to as zero-rating in the UK), which includes the leasing of such aircraft.
Click here to read our full article. Please contact a member of Bird & Bird's International VAT Team if you have any queries on this alert. About Bird & Bird VAT Team
We are one of the few law firms in the world that is able to offer an
extensive team of specialists in international VAT and indirect taxes across
Europe, the Middle East and Asia. We have access to experts in this area
covering all of our 23 offices with experience of supporting major
transactions, providing strategic VAT planning and helping you to achieve
compliance within this area of increasingly changing legislation.
Our team have experience from both the industry and the fiscal authorities
as well as extensive practical skills of accounting practices, supply chain
processes and the different VAT rules in each country.
For further information contact:
Heads of International Tax Group:
About Bird & Bird Aviation Team
BIRD & BIRD Bird & Bird is an international legal practice comprising Bird & Bird LLP and its affiliated and associated businesses. Bird & Bird LLP is a limited liability partnership, registered in England and Wales with registered number OC340318 and is regulated by the Solicitors Regulation Authority. Its registered office and principal place of business is at 15 Fetter Lane, London EC4A 1JP. For details of Bird & Bird, our offices, our members, the use of e-mail and regulatory information, please see twobirds.com and, in particular, twobirds.com/english/Legal_Notices.cfm. The word "partner" is used to refer to a member of Bird & Bird LLP or an employee or consultant, or to a partner, member, director, employee or consultant in any of its affiliated businesses, who has equivalent standing and qualifications. A list of members of Bird & Bird LLP and of any non-members who are designated as partners, and of their respective professional qualifications, is open to inspection at our London office address. All such persons are solicitors, registered foreign lawyers or non-registered European lawyers. | |
