VAT on second hand goods
Language: English Series: Commission of the European Communities Week in Europe ; WE/6/94 17 February 1994, 1 | HM Customs and Excise Business Brief ; 4/94 21 February 1994, (2)Publication details: 1994Subject(s): Summary: Under the Seventh VAT Directive due to come into force on 1 January 1995, private sales of second-hand goods including cars and works of art will be exempt from VAT. VAT of 5% wil be made on art imports although the UK won an exemption to charge only 2.5% until 30 June 1989.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3008-40 (Browse shelf(Opens below)) | 1 | Available | 76232-1001 |
Under the Seventh VAT Directive due to come into force on 1 January 1995, private sales of second-hand goods including cars and works of art will be exempt from VAT. VAT of 5% wil be made on art imports although the UK won an exemption to charge only 2.5% until 30 June 1989.