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VAT Regulations
July price hikes for UK eBay sellers
23 June 2003In addition to the implementation of VAT on seller fees reported in last week’s issue, eBay will introduce a number of substantial price increases from July 1. Most likely to upset eBay users is the imposition of a 1% charge on items carrying reserves in excess of £100. Previously that fee was just a flat rate of £1.20.
eBay to charge VAT from July
17 June 2003New European Union regulations regarding the collection of VAT on digital services mean that eBay will begin collecting VAT on seller fees from July 1.
TEFAF relaunch attack on Import VAT and EU rules
24 February 2003Scrap it or at least make life easier for the trade, new study demands: THE European Union should look again at the whole issue of Import VAT and art market red tape, say The European Fine Art Foundation.
Customs relax Import VAT rules for art
02 May 2002PRESSURE from the British Art Market Federation has persuaded the Government to relax Import VAT rules on art that are thought to have damaged legitimate trade.
The Budget
23 April 2002“Thank goodness he didn’t put up VAT”, said one dealer in response to Gordon Brown’s budget – the worst fears of the trade did not come true last week.
VAT changes bring red tape
04 March 2002Echoes of the Kent County Council Bill can be discerned in changes announced to the VAT secondhand margin scheme (notice 718). Dealers who use a system called Global Accounting to calculate VAT on profit margins will have to keep a record of the names and addresses of sellers on purchase invoices – a main requirement of the Kent Bill – when the changes come into force on July 31 this year.
NACF celebrate VAT boost for museums
12 March 2001UK: CHANCELLOR Gordon Brown’s change in VAT policy for museums should safeguard free entry where it already exists.
No need for panic on import VAT
31 January 2000UK: ART importer and exporter Ron Tabor says he believes the Trade has nothing to fear from Customs over the recent closure of the VAT loophole on re-imported works of art which appears to threaten those who inadvertently bring back works of art which have been recently exported from the UK.
Dealers hit by end of VAT loophole
20 December 1999UK: CUSTOMS and Excise have closed a tax loophole leaving UK art dealers with a hefty VAT bill to pay in future.
Drouot’s MP blasts Euro art tax policies
22 November 1999FRANCE: PIERRE Lellouche, député (MP) for the Drouot district of Paris, has called for the suppression of import VAT on art and a large cut in the rate of droit de suite, the artists’ resale levy.
Give and take on art import VAT
05 July 1999UK: THERE was good news and bad news from the Treasury last week on the subject of art import VAT.
VAT row – how the EU fudged it
17 May 1999EU: THE publication on the Internet of the report compiled for the European Commission on the effect of doubling VAT on works of art imported for sale from outside the EC has exposed huge flaws in the Commission’s argument for pressing ahead with the increased tax, say leading members of the trade.
VAT on import art will double
03 May 1999UK: BARRING an unexpected over-ruling by the Council of Ministers, the VAT charged on works of art imported to the UK from outside the European Union will double from 2.5 to five per cent on July 1.
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