Customs' import VAT concession
Customs' import VAT concession
- 2002
- Antiques Trade Gazette (1537) 4 May 2002, 1&3(1) .
Customs and Excise have relaxed Import VAT rules on art following pressure from the British Art Market Federation. The 12-month rule which stopped any work of art re-imported to the UK after less than a year after its export from qualifying from the reduced rate of 5% import VAT has been scrapped.
IMPORT VAT
TAXES
FINE ART
ART MARKET
Customs and Excise have relaxed Import VAT rules on art following pressure from the British Art Market Federation. The 12-month rule which stopped any work of art re-imported to the UK after less than a year after its export from qualifying from the reduced rate of 5% import VAT has been scrapped.
IMPORT VAT
TAXES
FINE ART
ART MARKET