European Union law

A change to EU law, requiring auction houses, dealers and agents in art and antiques to carry out checks on transactions and customers, will come into force in January 2020 – regardless of Brexit.

Held at Church House Conference Centre in Westminster, the 2019 Art Business Conference took place yesterday just a stones throw from parliament where politicians were discussing a bill ruling out a no-deal Brexit.

Art shippers have welcomed European Union laws that create a grace period for UK hauliers until the end of 2019.

Members of the European Parliament on a special committee for financial crime and tax evasion have warned of the art market potentially being used as “a suitable vehicle for illegal activity”, according to a report.

Members of the trade federation Conseil National du Marché de l’Art (CNMA) have published an open letter to President Emmanuel Macron and the French government calling for changes to stop France’s art market losing out to the UK after Brexit.

The UK government’s Brexit documents reveal that in the event of a no-deal with the European Union it will not be aligned with EU regulations on cross-border trade for cultural property.

Brexit minister Dominic Raab revealed the government has hired an extra 300 staff for the Home Office’s Border Force ready for the UK’s exit from the European Union and will recruit another 1000 “ready to deal with any increase in work”.

The European Union’s plan to introduce new laws on the import of cultural goods, due to be voted on this summer, has been delayed until September.

A European Union update to current anti-money laundering regulation designed to tackle terrorist financing risks will place an extra administrative burden on art and antiques businesses, warn trade associations.

New rules coming into force in January 2018 mean that dealers and auctioneers can no longer add extra charges to cover credit or debit card fees when processing transactions.

The new arts minister John Glen MP has vowed he will do all he can to support the art market’s interests in government.

Prime Minister Theresa May laid out the government’s Brexit plan this week giving some clarity on how it will leave the European Union.

Art and antiques industry figures are urging “cool heads and steady hands” in the wake of the UK’s vote to leave the European Union, while stressing the UK’s continued prominence in the global art market.