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Business rates lobbying

11 March 2017

Trade bodies are lobbying the Chancellor of the Exchequer, Philip Hammond, about a planned hike in business rates, ahead of his first Budget speech on March 8.

Marco Forgione and Sadiq Khan

BADA chief lobbies Mayor of London Sadiq Khan on business rates rises and new tax reporting rules

03 March 2017

The chief executive of BADA, Marco Forgione, has lobbied Mayor of London Sadiq Khan on imminent hikes to business rates and changes to tax reporting that are set to impact the trade.

Anguissola

Project connects public with art and heritage from private collections

17 February 2017

Thousands of privately-owned works have become easier to access than ever before on a website launched by the Open Inheritance Art project.

Bryars

April business rates hike to hit dealers in London and Cotswolds the hardest

14 February 2017

Shop owners in London and the south of England are facing a significant increase in business rates when bills arrive in April.

Paris scene 2275NEDI 12-01-17.jpg

Dealer Guy Wildenstein cleared of tax fraud after Paris criminal trial

12 January 2017

Art dealer Guy Wildenstein has been cleared of tax fraud in a surprise verdict following a criminal trial in Paris.

FT letter from trade body heads

Trade bodies unite to fight tax reforms that impact art and antiques trade

11 November 2016

Efforts to protect the trade’s Small to Medium Enterprises (SMEs) against tax reforms gathered steam this week with the publication of a letter from three leading trade associations in the Financial Times.

Collector and shippers indicted over New York tax dodge

21 October 2016

A Manhattan district attorney has warned the art and antiques trade of its obligations regarding local sales taxes after a collector and his shippers were indicted for fraud.

Wildenstein tax trial begins in Paris

26 September 2016

The long-awaited tax fraud trial of art dealer Guy Wildenstein has begun in Paris.

BADA join FSB to research rate relief

30 June 2016

BADA have joined with the Federation of Small Business (FSB) to research how much art and antique dealers are helped by the government’s proposed rate relief on properties – if at all.

New customs rules on Temporary Admissions come into effect

04 May 2016

The Union Customs Code (UCC), designed to standardise how customs information is processed, became law on May 1.

Auctioneers selling alcohol told to register with HMRC by March 31 or face fines

17 March 2016

Auction houses selling wine, whisky and other alcoholic drinks to other businesses face criminal convictions and fines up to £10,000 if they fail to register for a new HMRC scheme that aims to police the sale of alcohol to retailers and capture an estimated £1.2bn in unpaid tax.

BADA meet Treasury on tax returns

01 March 2016

The British Antiques Dealers Association has met with HM Treasury officials as part of its campaign against HMRC plans to require all businesses to file tax returns on a quarterly, digital basis from 2020.

BADA to campaign against quarterly tax returns

31 December 2015

The British Antique Dealers’ Association is p09nning to mount a campaign with other business bodies to halt a government plan to require all businesses, regardless of size, to file tax returns on a quarterly, digital basis rather than annually.

HMRC investigate eBay traders

25 June 2015

Online sellers who use eBay are the focus of fresh attempts by HM Revenue & Customs to crack down on tax evasion.

How would Scottish Referendum affect art ownership?

29 August 2014

If Scotland votes for independence on September 18, how might this affect the ownership of art North and South of the Border?

Warning over VAT refunds on premium

30 July 2014

Auction houses who refund VAT on the buyer’s premium to overseas purchasers without ensuring that the correct paperwork is in place could find themselves liable for the tax themselves.

Gibraltar sets up as EU tax haven for art

01 July 2014

Gibraltar expects to become a new European Union tax haven for the trade in art by scrapping import and export duties on works from July 1.

HMRC loses capital gains tax appeal over Joshua Reynolds' £9.4m Omai

24 March 2014

An appeal court ruling on the tax status of Sir Joshua Reynolds’ masterpiece ‘Omai’ means that a number of very rich people are likely to get a bit richer.

Spanish tax cut to boost art trade

03 February 2014

The Spanish government have cut the tax on sales of works of art by more than half from 21% to 10% as a means of boosting trade.

Appeal Court ruling deems Reynolds masterpiece a wasting asset after long-term loan

04 April 2013

How do you convert a £9.4m Old Master painting into a capital gains tax-exempted “wasting asset”?