Legal & Financial

The Temporary Importation (TI) VAT relief is regulated in the provisions of the EU Council Regulation (EEC) No 2913/92 establishing the Community Customs Code means for non-EU vessels are intended for re-export may be temporarily be brought into and used for private purposes in the EU, or more strictly in …

‘Lifestyling’ is the default investment option of many pension savers, but relying on it may be the wrong approach. Many defined contribution pension plans automatically move savers’ investments into lower-risk funds as they approach their retirement age – a practice known as ‘lifestyling’. The exact mechanism varies between providers, but …

Investors are not always as rational as they presume, but behavioural finance can help them identify and address their biases. Paul Craven, a member of the Magic Circle, sees no incongruity in combining a career advising financial institutions with his love of performing magic. The common link is psychology. Having …

Our country, mainly because of its geographical and strategical positioning in the map as a port of entrance to the Mediterranean from the Atlantic Ocean and due to its almost 5.000 miles coastline length has been traditionally an important jurisdiction for ship arrest and embargo of vessels. The arrest of …

We have become accustomed these days to the new found liberties that modern communications have afforded us, liberties that less than two decades ago were virtually unheard of. Skype, email and frequent flight schedules allow more and more of us to live separately from where, and how we earn a …

The introduction of a yacht under the Temporary Admission (TA) Customs regime (also known as Temporary Importation or TI) in the Customs Territory of the Union (CTU) allows it to enjoy total relief from import duties and is exempt from VAT on imports. As far as the VAT systems in …

One of the requirements for applying a charter license and the correspondent authorisation of the maritime authorities (the so called “despacho” at the “Capitanía Marítima”) for a non Spanish flag commercially coded vessel is the presentation of a certificate from an insurance company stating that the vessel is covered for …

I have been meaning to write about Bitcoin for a few years now, and have been making a valiant attempt to understand it before I do so. After many hours of research I’ve watched everything, and read everything and must confess that I have come up a little short. One …

The Work and Pensions Committee has launched an inquiry into whether pension reforms are achieving their objectives. Pension freedoms have given millions of people choice over how they use their defined contribution pension, but concern remains over whether changes are needed to make the reforms more effective. A new investigation …

By David Robinson   IBI PLus The impact of the massive leak of offshore financial records, referred to as the ‘Paradise Papers’, and the arrest of 49 people in Saudi Arabia – including princes, ministers and wealthy business people – was the subject of intense analysis recently by key players in …