Customs' import VAT concession
Series: Antiques Trade Gazette ; (1537) 4 May 2002, 1&3(1)Publication details: 2002Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3816-01 (Browse shelf(Opens below)) | 1 | Available | 117813-1001 |
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.