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Question : VAT on artbooks in the UK?, by Brushstrokes 75 on May 24, 2012 21:09:42 GMT 1, Does anyone know how much the VAT is on an artbook? (Importing from the States?)
By Artbook, I mean a book w/ some prints inside.
It's quite valuable so it is an issue.....
Thanks for the help!
Does anyone know how much the VAT is on an artbook? (Importing from the States?)
By Artbook, I mean a book w/ some prints inside.
It's quite valuable so it is an issue.....
Thanks for the help!
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Question : VAT on artbooks in the UK?, by barnsy on May 24, 2012 21:27:55 GMT 1, Does anyone know how much the VAT is on an artbook? (Importing from the States?) By Artbook, I mean a book w/ some prints inside. It's quite valuable so it is an issue..... Thanks for the help!
No vat as its a book, no import charges as long as it is marked as a book! The book can still be insured.
Does anyone know how much the VAT is on an artbook? (Importing from the States?) By Artbook, I mean a book w/ some prints inside. It's quite valuable so it is an issue..... Thanks for the help! No vat as its a book, no import charges as long as it is marked as a book! The book can still be insured. |
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Question : VAT on artbooks in the UK?, by Deleted on May 24, 2012 21:34:12 GMT 1, ^ this is why I come on here, great advice when you need it 
^ this is why I come on here, great advice when you need it |
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Question : VAT on artbooks in the UK?, by My Name is Frank on May 24, 2012 22:11:18 GMT 1, I'm bored tonight, here is an excerpt from VAT notice 701/10
3.1 Books and booklets
These normally consist of text or illustrations, bound in a cover stiffer than their pages. They may be printed in any language or characters (including Braille or shorthand), photocopied, typed or hand-written, so long as they are found in book or booklet form.
Supplies of any of the following are zero-rated:
* literary works
* reference books
* directories and catalogues
* antique books
* collections of letters or documents permanently bound in covers
* loose-leaf books, manuals or instructions, whether complete with their binder or not, and
* amendments to zero-rated loose-leaf books, even if issued separately.
School work books and other educational texts in question and answer format, are zero-rated because the spaces provided for the insertion of answers are incidental to the essential character of the book or booklet. The same applies to exam papers in question and answer format provided they qualify as books, booklets, brochures, pamphlets or leaflets.
But supplies of the following are standard-rated:
* books of plans or drawings for industrial, architectural, engineering, commercial or similar purposes
* picture card and stamp albums, unless they contain a substantial amount of reading matter which is complete in itself, and no more than 25% of the album is set aside for the mounting of cards and stamps
* completed stamp albums, and
* products that are essentially stationery items, for example, diaries and address books.
Looks like you're good as long as it has no obvious professional use, ie you are not working in an arts related industry and could use the book for reference to produce work.
I'm bored tonight, here is an excerpt from VAT notice 701/10
3.1 Books and booklets
These normally consist of text or illustrations, bound in a cover stiffer than their pages. They may be printed in any language or characters (including Braille or shorthand), photocopied, typed or hand-written, so long as they are found in book or booklet form.
Supplies of any of the following are zero-rated:
* literary works
* reference books
* directories and catalogues
* antique books
* collections of letters or documents permanently bound in covers
* loose-leaf books, manuals or instructions, whether complete with their binder or not, and
* amendments to zero-rated loose-leaf books, even if issued separately.
School work books and other educational texts in question and answer format, are zero-rated because the spaces provided for the insertion of answers are incidental to the essential character of the book or booklet. The same applies to exam papers in question and answer format provided they qualify as books, booklets, brochures, pamphlets or leaflets.
But supplies of the following are standard-rated:
* books of plans or drawings for industrial, architectural, engineering, commercial or similar purposes
* picture card and stamp albums, unless they contain a substantial amount of reading matter which is complete in itself, and no more than 25% of the album is set aside for the mounting of cards and stamps
* completed stamp albums, and
* products that are essentially stationery items, for example, diaries and address books.
Looks like you're good as long as it has no obvious professional use, ie you are not working in an arts related industry and could use the book for reference to produce work.
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Question : VAT on artbooks in the UK?, by Brushstrokes 75 on May 24, 2012 22:30:59 GMT 1, I read something about a condition of it being ordinary...
Vat notice also says :
The law names certain articles which are relieved, but makes no attempt to define those articles. In the absence of any legal definition, we do not seek to impose our own formal definition; instead we rely on the concept of the ordinary and everyday meaning of a word. Tribunals have accepted this concept and have consistently declined either to give their definition of a word, or to accept any dictionary or other definitions proffered by traders.
First determine whether your article has the physical characteristics of any article mentioned in Items 1 to 5. If the answer is no, your article must be standard-rated.
If the answer is yes, consider the function of your article. If that function is not primarily that of a book, brochure, newspaper, etc in the ordinary meaning of the word, your article must be standard-rated.
In what category does an illustrated book falls into :
It was published as an illustrated (leaf loosed) book in a limited edition of 250 w/ text. Printed in 1947.
Just wondering if it should be considered as art or as a book as it's nature probably changed w/ time & value!
I read something about a condition of it being ordinary...
Vat notice also says :
The law names certain articles which are relieved, but makes no attempt to define those articles. In the absence of any legal definition, we do not seek to impose our own formal definition; instead we rely on the concept of the ordinary and everyday meaning of a word. Tribunals have accepted this concept and have consistently declined either to give their definition of a word, or to accept any dictionary or other definitions proffered by traders.
First determine whether your article has the physical characteristics of any article mentioned in Items 1 to 5. If the answer is no, your article must be standard-rated.
If the answer is yes, consider the function of your article. If that function is not primarily that of a book, brochure, newspaper, etc in the ordinary meaning of the word, your article must be standard-rated.
In what category does an illustrated book falls into :
It was published as an illustrated (leaf loosed) book in a limited edition of 250 w/ text. Printed in 1947.
Just wondering if it should be considered as art or as a book as it's nature probably changed w/ time & value!
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