Zippy
Junior Member
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April 2006
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VAT - Answers from the horses mouth, by Zippy on Oct 12, 2007 23:17:43 GMT 1, top thread - great info.
+1 from me.
Z
top thread - great info.
+1 from me.
Z
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VAT - Answers from the horses mouth, by qwertystar on Oct 13, 2007 17:56:47 GMT 1, Excellent thread +1.
My first claim shall go in next week!
Excellent thread +1.
My first claim shall go in next week!
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VAT - Answers from the horses mouth, by markrobbo on Oct 14, 2007 14:32:26 GMT 1, Cracking thread.
I paid approx 300 GBP for a Sepia Morons from USA. Would this get the lower 5% amount or was I correct to pay the full 17.5%?
Thanks
Cracking thread.
I paid approx 300 GBP for a Sepia Morons from USA. Would this get the lower 5% amount or was I correct to pay the full 17.5%?
Thanks
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CR
Artist
New Member
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October 2006
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VAT - Answers from the horses mouth, by CR on Oct 14, 2007 14:37:28 GMT 1, Cracking thread. I paid approx 300 GBP for a Sepia Morons from USA. Would this get the lower 5% amount or was I correct to pay the full 17.5%? Thanks
I pressume you mean 3000GBP, if you paid 300GBP then who cares if you pay 17.5%, you got a bargain!!
CR
Cracking thread. I paid approx 300 GBP for a Sepia Morons from USA. Would this get the lower 5% amount or was I correct to pay the full 17.5%? Thanks I pressume you mean 3000GBP, if you paid 300GBP then who cares if you pay 17.5%, you got a bargain!! CR |
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VAT - Answers from the horses mouth, by markrobbo on Oct 14, 2007 14:47:37 GMT 1, good point. Should have read "paid 300 GBP vat" for Sepia Morons.
good point. Should have read "paid 300 GBP vat" for Sepia Morons.
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VAT - Answers from the horses mouth, by dmandpenfold on Oct 15, 2007 8:43:09 GMT 1, ouch, painful experience, although i dont think that print was actually "screenprinted by the artist's own fair hands" and given his fame, customs might know it too
ouch, painful experience, although i dont think that print was actually "screenprinted by the artist's own fair hands" and given his fame, customs might know it too
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VAT - Answers from the horses mouth, by cloudnine on Oct 15, 2007 19:32:56 GMT 1, Depending on who you are ordering from, get them to mark the customs form differently. This is not necessarily what it is insured to but means that you avoid vat and handling fees. just make sure you have tracking on your tubes. I buy alot of posters in the $100-200 range and rarely pay import. Out of about 200 tubes over the last 4 years, i've only had 2 arrived damaged. The saving is massive compared to paying vat and handling.
Depending on who you are ordering from, get them to mark the customs form differently. This is not necessarily what it is insured to but means that you avoid vat and handling fees. just make sure you have tracking on your tubes. I buy alot of posters in the $100-200 range and rarely pay import. Out of about 200 tubes over the last 4 years, i've only had 2 arrived damaged. The saving is massive compared to paying vat and handling.
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VAT - Answers from the horses mouth, by arcam on Oct 17, 2007 13:22:11 GMT 1, +1 for that dmandpenfold. Thank you. 
+1 for that dmandpenfold. Thank you. |
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jfury
Junior Member
🗨️ 1,084
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May 2007
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VAT - Answers from the horses mouth, by jfury on Oct 18, 2007 11:51:30 GMT 1, ok - I have 2 prints ordered from the US (paid £2550.00) so obviously I need to insure them for the correct amount but this will then state that on the customs form and I will be charged VAT - is there a way round this?
ok - I have 2 prints ordered from the US (paid £2550.00) so obviously I need to insure them for the correct amount but this will then state that on the customs form and I will be charged VAT - is there a way round this?
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VAT - Answers from the horses mouth, by dmandpenfold on Oct 18, 2007 12:15:13 GMT 1, jfury, i believe the insured amount has to be on the outside, unless of course you take out seperate insurance here and ask the sender not to put a high value on the customs invoice.
Even if you cop VAT it should be 5% so hopefully the most you'd would be about GBP125 which isnt too bad
jfury, i believe the insured amount has to be on the outside, unless of course you take out seperate insurance here and ask the sender not to put a high value on the customs invoice.
Even if you cop VAT it should be 5% so hopefully the most you'd would be about GBP125 which isnt too bad
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VAT - Answers from the horses mouth, by buster on Oct 18, 2007 12:18:13 GMT 1, jfury, i believe the insured amount has to be on the outside, unless of course you take out seperate insurance here and ask the sender not to put a high value on the customs invoice. Even if you cop VAT it should be 5% so hopefully the most you'd would be about GBP125 which isnt too bad 
jfury, i believe the insured amount has to be on the outside, unless of course you take out seperate insurance here and ask the sender not to put a high value on the customs invoice. Even if you cop VAT it should be 5% so hopefully the most you'd would be about GBP125 which isnt too bad just takes a long time to do it.... |
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jfury
Junior Member
🗨️ 1,084
👍🏻 45
May 2007
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VAT - Answers from the horses mouth, by jfury on Oct 18, 2007 12:36:28 GMT 1, jfury, i believe the insured amount has to be on the outside, unless of course you take out seperate insurance here and ask the sender not to put a high value on the customs invoice. Even if you cop VAT it should be 5% so hopefully the most you'd would be about GBP125 which isnt too bad
cheers appreciate the response - seperate insurance where would this usually be from (house insurance etc?)
jfury, i believe the insured amount has to be on the outside, unless of course you take out seperate insurance here and ask the sender not to put a high value on the customs invoice. Even if you cop VAT it should be 5% so hopefully the most you'd would be about GBP125 which isnt too bad cheers appreciate the response - seperate insurance where would this usually be from (house insurance etc?) |
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VAT - Answers from the horses mouth, by dmandpenfold on Oct 18, 2007 13:16:18 GMT 1, not sure you'd have to check out your houshold policy or take a one off insurance or maybe an annual policy for prints up to a certain value??
not sure you'd have to check out your houshold policy or take a one off insurance or maybe an annual policy for prints up to a certain value??
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f5ers
New Member
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October 2007
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VAT - Answers from the horses mouth, by f5ers on Oct 19, 2007 19:01:20 GMT 1, Get a cheap flight and fly over and pick them up yourself.. you could make a short break of it.. see the sights.. quick stop over in vegas.. few tequilas, couple of hookers etc and you know your prints will arrive safe and sound in you bag with no vat to pay.
Get a cheap flight and fly over and pick them up yourself.. you could make a short break of it.. see the sights.. quick stop over in vegas.. few tequilas, couple of hookers etc and you know your prints will arrive safe and sound in you bag with no vat to pay.
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VAT - Answers from the horses mouth, by scoobywilldoo on Oct 24, 2007 23:33:57 GMT 1, I note that some galleries state that Vat is to be added or Vat is included in the price. If a purchaser is outside the EU this should be deducted. I would have thought that if the gallery does not deduct Vat from outside EU purchases then the print coming back into the country should be classified as Vat paid as a boat or a car is. Corect me if I am wrong!!!!
I note that some galleries state that Vat is to be added or Vat is included in the price. If a purchaser is outside the EU this should be deducted. I would have thought that if the gallery does not deduct Vat from outside EU purchases then the print coming back into the country should be classified as Vat paid as a boat or a car is. Corect me if I am wrong!!!!
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senna
New Member
🗨️ 480
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September 2006
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VAT - Answers from the horses mouth, by senna on Oct 24, 2007 23:52:29 GMT 1, haven't posted for an age but this deserves a medal
nice one dmandpanfold! ++
best wishes to all
haven't posted for an age but this deserves a medal nice one dmandpanfold! ++ best wishes to all |
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VAT - Answers from the horses mouth, by dmandpenfold on Oct 25, 2007 11:15:46 GMT 1, I note that some galleries state that Vat is to be added or Vat is included in the price. If a purchaser is outside the EU this should be deducted. I would have thought that if the gallery does not deduct Vat from outside EU purchases then the print coming back into the country should be classified as Vat paid as a boat or a car is. Corect me if I am wrong!!!!
Yep sounds about correct, tax already paid, mind you is there tax to pay if the print has increased in value substantially such as a signed banksy. Best to keep the paper trail to present to the taxman in case you wish to claim VAT free status on an item
I note that some galleries state that Vat is to be added or Vat is included in the price. If a purchaser is outside the EU this should be deducted. I would have thought that if the gallery does not deduct Vat from outside EU purchases then the print coming back into the country should be classified as Vat paid as a boat or a car is. Corect me if I am wrong!!!! Yep sounds about correct, tax already paid, mind you is there tax to pay if the print has increased in value substantially such as a signed banksy. Best to keep the paper trail to present to the taxman in case you wish to claim VAT free status on an item |
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VAT - Answers from the horses mouth, by dmandpenfold on Nov 9, 2007 11:49:18 GMT 1, How long ago was the claim? i'd phone them and see what they say, maybe it's 'lost', they should have a record of any correspondence they have received.
How long ago was the claim? i'd phone them and see what they say, maybe it's 'lost', they should have a record of any correspondence they have received.
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scavos
Junior Member
🗨️ 1,929
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June 2007
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VAT - Answers from the horses mouth, by scavos on Nov 9, 2007 19:58:05 GMT 1, Can I check something out on this great thread?
I'm just about to have an original canvas imported from the States.
What advice can anyone give on what to ask the seller to put on the packaging to avoid customs charge and incorrect VAT? I understand from reading through this thread that a VAT charge of 5% should apply. Can anyone help?
Can I check something out on this great thread?
I'm just about to have an original canvas imported from the States.
What advice can anyone give on what to ask the seller to put on the packaging to avoid customs charge and incorrect VAT? I understand from reading through this thread that a VAT charge of 5% should apply. Can anyone help?
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stuey09
New Member
🗨️ 49
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August 2008
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VAT - Answers from the horses mouth, by stuey09 on Nov 9, 2007 20:02:53 GMT 1, Si, my understanding is that it is a VAT charge of 5% for original art. But it would be worth confirming that. You could also pm demandpenfold, he may be able to offer some more help. Good luck mate.
Si, my understanding is that it is a VAT charge of 5% for original art. But it would be worth confirming that. You could also pm demandpenfold, he may be able to offer some more help. Good luck mate.
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scavos
Junior Member
🗨️ 1,929
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June 2007
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VAT - Answers from the horses mouth, by scavos on Nov 9, 2007 20:10:24 GMT 1, Cheers stu, I'll drop him a line.
Cheers stu, I'll drop him a line.
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VAT - Answers from the horses mouth, by dmandpenfold on Nov 10, 2007 13:33:34 GMT 1, Can I check something out on this great thread? I'm just about to have an original canvas imported from the States to the value of around £2k. What advice can anyone give on what to ask the seller to put on the packaging to avoid customs charge and incorrect VAT? I understand from reading through this thread that a VAT charge of 5% should apply. Can anyone help?
Si some info below, pm'd you too
you're right that the original canvas will be exempt from customs duty and in addition the VAT amount should be charged at 5%.
Not sure how you would guarantee that they charge you correctly, but you could arrange for a shipping agent to handle it in which case you would give them instructions with regards to dealing with customs and they should do all the work for you and sort it out with customs, of course they will charge a little bit more than Fedex or DHL do on their own (the shipping agent will probably use Fedex or DHL too).
The other option might be to clearly label it as "Original Artwork - subject to Reduced VAT rate of 5% only." Put this on the parcel and on the commercial invoice attached to the parcel and any insurance docs that come with it.
That might do the trick, it'd be cheaper than using an agent. If all else fails and they still manage to charge 17.5% then you'll need to claim it back unfortunately.
Can I check something out on this great thread? I'm just about to have an original canvas imported from the States to the value of around £2k. What advice can anyone give on what to ask the seller to put on the packaging to avoid customs charge and incorrect VAT? I understand from reading through this thread that a VAT charge of 5% should apply. Can anyone help? Si some info below, pm'd you too you're right that the original canvas will be exempt from customs duty and in addition the VAT amount should be charged at 5%. Not sure how you would guarantee that they charge you correctly, but you could arrange for a shipping agent to handle it in which case you would give them instructions with regards to dealing with customs and they should do all the work for you and sort it out with customs, of course they will charge a little bit more than Fedex or DHL do on their own (the shipping agent will probably use Fedex or DHL too). The other option might be to clearly label it as "Original Artwork - subject to Reduced VAT rate of 5% only." Put this on the parcel and on the commercial invoice attached to the parcel and any insurance docs that come with it. That might do the trick, it'd be cheaper than using an agent. If all else fails and they still manage to charge 17.5% then you'll need to claim it back unfortunately. |
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VAT - Answers from the horses mouth, by melmoth on Nov 18, 2007 21:16:47 GMT 1, OK. So what's the situation from the opposite perspective, namely, I'm in the US and I'm buying prints from the UK. I shouldn't be paying VAT on those, correct? I've done a couple of purchases where they've adjusted for VAT, for example, TLSG, Forster Gallery, but they haven't for POW. Should I be trying to claim that back?
OK. So what's the situation from the opposite perspective, namely, I'm in the US and I'm buying prints from the UK. I shouldn't be paying VAT on those, correct? I've done a couple of purchases where they've adjusted for VAT, for example, TLSG, Forster Gallery, but they haven't for POW. Should I be trying to claim that back?
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VAT - Answers from the horses mouth, by dmandpenfold on Nov 19, 2007 15:15:53 GMT 1, Hi melmouth,
The short answer is no you shouldnt be paying UK VAT on prints which are sent direct to you from the supplier in the UK. If you have been charged VAT you should be contacting the supplier (in this case POW) for a refund. If the supplier is taking VAT where it is not due and also failing to declare it to Customs and Excise they are in breach, they are responsible for the refund due to you.
Hi melmouth,
The short answer is no you shouldnt be paying UK VAT on prints which are sent direct to you from the supplier in the UK. If you have been charged VAT you should be contacting the supplier (in this case POW) for a refund. If the supplier is taking VAT where it is not due and also failing to declare it to Customs and Excise they are in breach, they are responsible for the refund due to you.
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VAT - Answers from the horses mouth, by melmoth on Nov 19, 2007 20:12:29 GMT 1, Hi melmouth, The short answer is no you shouldnt be paying UK VAT on prints which are sent direct to you from the supplier in the UK. If you have been charged VAT you should be contacting the supplier (in this case POW) for a refund. If the supplier is taking VAT where it is not due and also failing to declare it to Customs and Excise they are in breach, they are responsible for the refund due to you.
OK, thanks for the advice.
Hi melmouth, The short answer is no you shouldnt be paying UK VAT on prints which are sent direct to you from the supplier in the UK. If you have been charged VAT you should be contacting the supplier (in this case POW) for a refund. If the supplier is taking VAT where it is not due and also failing to declare it to Customs and Excise they are in breach, they are responsible for the refund due to you. OK, thanks for the advice. |
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VAT - Answers from the horses mouth, by qwertystar on Nov 19, 2007 20:21:51 GMT 1, My claim went in 3 weeks ago... Still waiting. Not even had a reply stating they received my letter.
They probably got inundated after this thread
My claim went in 3 weeks ago... Still waiting. Not even had a reply stating they received my letter. They probably got inundated after this thread |
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VAT - Answers from the horses mouth, by dmandpenfold on Nov 20, 2007 0:56:22 GMT 1, keep onto them..
keep onto them.. |
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VAT - Answers from the horses mouth, by dmandpenfold on Nov 20, 2007 13:37:42 GMT 1, Just seen a news announcement, the Chief of Customs and Excise has just resigned, you dont suppose this thread pushed him to the brink
EDIT: Revenue and Customs = Customs and Excise in the old money
Just seen a news announcement, the Chief of Customs and Excise has just resigned, you dont suppose this thread pushed him to the brink EDIT: Revenue and Customs = Customs and Excise in the old money |
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VAT - Answers from the horses mouth, by bobbyt23 on Nov 20, 2007 18:44:33 GMT 1, I've read through the whole of this thread and still cant work it out so:
1) I'm thick
2) If I buy an old Banksy print off e-bay from someone in the US what charges am I looking at?
Appreciate anyone who can help me feel less stupid and await the taunts too.
I've read through the whole of this thread and still cant work it out so: 1) I'm thick 2) If I buy an old Banksy print off e-bay from someone in the US what charges am I looking at? Appreciate anyone who can help me feel less stupid and await the taunts too. |
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VAT - Answers from the horses mouth, by snakes on Nov 20, 2007 18:46:21 GMT 1, Just seen a news announcement, the Chief of Customs and Excise has just resigned, you dont suppose this thread pushed him to the brink
Think you will find that it is now "Revenue and Customs".
Just seen a news announcement, the Chief of Customs and Excise has just resigned, you dont suppose this thread pushed him to the brink Think you will find that it is now "Revenue and Customs". |
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