VAT on second hand goods
VAT on second hand goods
- 1994
- 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) .
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.
EC DIRECTIVES
PRIVATE SALES
SECOND-HAND GOODS
VALUE ADDED TAX
VALUE ADDED TAX
WORKS OF ART
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.
EC DIRECTIVES
PRIVATE SALES
SECOND-HAND GOODS
VALUE ADDED TAX
VALUE ADDED TAX
WORKS OF ART