Universal Weather & Aviation (Booth No. 7030) is launching a new service to guarantee that fuel purchases in Europe are made at the correct rate of value added tax (VAT). The complimentary service, which started on May 1, should overcome the headaches commonly associated with calculating which VAT rate should apply based on an aircraft operator’s status. Initially, the service is being offered in nine core European countries: Austria, Belgium, France, Germany, Ireland, Italy, Spain, Switzerland and the UK. But the UVAir division intends to extend the service to other countries in the future through its new UVAir European Fueling Services subsidiary, based in Shannon, Ireland. Several other flight planning and fuel groups already provide a similar service.
VAT is applied at different rates throughout Europe and it often is complicated to work out which rate should apply, based on where operators are registered, where they operate from and where they are flying. “This system ensures that we can exempt clients from VAT if they are entitled and charge other clients at the correct rate, providing an accurate VAT invoice,” said Steve Woods, UVAir fuel manager for Europe, Africa, the Middle East and Australasia.
