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UK corporate jets face VAT charge under EC law
29 July 2009
Corporate jet owners in the UK will be liable for VAT under European legislation which comes into effect next month
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European Commission
private jets
VAT
Bird & Bird
Owners of corporate aircraft face having to pay 17.5% VAT under new EC legislation, despite being exempt under UK law.
Last month, the European Commission requested the UK amend its existing legislation governing VAT exemption for aircraft to bring it into line with the EC...
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