UK wins 2.5% VAT for works of art
UK wins 2.5% VAT for works of art
- 1994
- Financial Times 14 December 1993, 5 Daily Telegraph 14 December 1993, 2 Antiques Trade Gazette (1118) 25 December 1993-1 January 1994, 1(2) .
Following agreement for a VAT levy on secondhand goods the UK has won a special concession that 2.5% VAT will be charged on works of arts imported from third countries until 1999. British auction houses welcomed the decision.
DIRECTIVE 94/5/EC
ART MARKET
SECONDHAND GOODS
VALUE ADDED TAX
WORKS OF ART
Following agreement for a VAT levy on secondhand goods the UK has won a special concession that 2.5% VAT will be charged on works of arts imported from third countries until 1999. British auction houses welcomed the decision.
DIRECTIVE 94/5/EC
ART MARKET
SECONDHAND GOODS
VALUE ADDED TAX
WORKS OF ART