The yachting industry has long anticipated the day when the European Commission would increase the pressure on those EU member states offering yacht owners a means of mitigating their VAT exposure. That day came on 8 March 2018 with the announcement by the European Commission of infringement proceedings against Malta, Cyprus and Greece.

For more details of such proceedings, please see

Whilst these proceedings will almost certainly be resisted by the member states affected, it is unclear what effect it will have on such schemes in the future.