dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
ANTONY MICALLEF 'I SHIT DIAMONDS' PRINT @ LAZ, by dmandpenfold on Jun 6, 2013 11:49:00 GMT 1, GBP3k worth of a stunner....oooh!
GBP3k worth of a stunner....oooh!
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
VAT - Answers from the horses mouth, by dmandpenfold on Aug 25, 2010 22:29:18 GMT 1, Hi stickitup,
I note your comments re limits of originals in editions of 8 or less, HMRC doesn't specify a number in its guidelines, however there may be a ruling elsewhere which you are applying, can you confirm the source for clarity here?
The main points relating to most buyers here are;
1) Importing limited editions prints to UK - (strictly speaking not including Giclees as these employ mechanical or photmechanical processes) - Qualify for the reduced import VAT rate of 5%. No number limit is specified for the edition to qualify, but as stickitup mentions editions of 10,000 will probably raise the ire of the VAT man. The Tarif code for reference is 9702 00 00
2) Importing original art work to UK - these qualify for the reuced rate of VAT at 5%. I don't believe there is a number limit on originals (but may yet be corrected), suffice to say however that originals are exactly that 'original' or one off. However the line is blurred here, I refer to examples such as Nick Walkers Ghetto Ghost (ignoring the fact it was produced in the UK anyway). Each piece, though part of an edition on a single theme is different and produced by hand stencilling and acrylic paint by the artist. Although the edition is of 30, each is different and original. To me it would class as part of a run of original work, something you might need to argue with HMRC. For reference the Tariff heading is 9701.
3) To our friends oversees, many of you are charged by galleries the same price as UK / European buyers. Many POW prints for example are sold to non EU buyers paying the same price as EU residents, which is VAT inclusive. In reality if the art is being shipped directly out of the UK / EU by the artist or gallery, then you should ask for a deduction of VAT. You may however wish to consider that arguing the toss with POW over VAT on a banksy print you have just managed to bag might be a risky strategy.
4) If the artwork you have bought is outside the EU / UK but was originally bought by johnny foreigner from the EU / UK (VAT paid or not) and you subsequently purchased the item and re-import it, then you are only liabe for the reduced rate at 5%, however there is a proviso in that the item must have been outside of the EU / UK for 12 months or more.
5) If as per (4) above the artwork was exported having VAT paid (as many POW prints are) and you can present this evidence / paper trail to HMRC, you can argue that VAT has already been paid and is not applicable.
For further reference the relevant information can be found in the URL below, sections 3.4, 3.5, 11 and 11.1 are most useful. If you disagree with the VAT you have paid on import please refer to 11.5 for details of appeals;
customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageExcise_ShowContent&id=HMCE_CL_000199&propertyType=document
xx
Hi all, I import art on a weekly basis from the USA and europe and there is a big part of the story you are missing. 5% is chargeable on works of art which are classed as original works of art, this means the edition number is no higher than 8. When the item is imported if declared correctly 5% import duty is charged. If the item is from an edition of over 8 then 17.5% import duty is charged. This is the same for sculptures and paintings. Photographs have to be produced and signed by the artist from the negative and can be no more than of an edition of 30. Prints are a little more complex as they have to clearly be limited edition, however there is no guideline to what constitutes a limited edition, that said it would be fair to say an edition od 10,000 is not an original and therefore subject to import duty of at this time 17.5%. If you have paid VAT on on a work of art in the EU there is NO import duty to pay, but if coming from USA or outside the EU import duty must be paid or you are smuggling. Any questions please pm me and I'll do the best to answer anything you need to know.
Hi stickitup, I note your comments re limits of originals in editions of 8 or less, HMRC doesn't specify a number in its guidelines, however there may be a ruling elsewhere which you are applying, can you confirm the source for clarity here? The main points relating to most buyers here are; 1) Importing limited editions prints to UK - (strictly speaking not including Giclees as these employ mechanical or photmechanical processes) - Qualify for the reduced import VAT rate of 5%. No number limit is specified for the edition to qualify, but as stickitup mentions editions of 10,000 will probably raise the ire of the VAT man. The Tarif code for reference is 9702 00 00 2) Importing original art work to UK - these qualify for the reuced rate of VAT at 5%. I don't believe there is a number limit on originals (but may yet be corrected), suffice to say however that originals are exactly that 'original' or one off. However the line is blurred here, I refer to examples such as Nick Walkers Ghetto Ghost (ignoring the fact it was produced in the UK anyway). Each piece, though part of an edition on a single theme is different and produced by hand stencilling and acrylic paint by the artist. Although the edition is of 30, each is different and original. To me it would class as part of a run of original work, something you might need to argue with HMRC. For reference the Tariff heading is 9701. 3) To our friends oversees, many of you are charged by galleries the same price as UK / European buyers. Many POW prints for example are sold to non EU buyers paying the same price as EU residents, which is VAT inclusive. In reality if the art is being shipped directly out of the UK / EU by the artist or gallery, then you should ask for a deduction of VAT. You may however wish to consider that arguing the toss with POW over VAT on a banksy print you have just managed to bag might be a risky strategy. 4) If the artwork you have bought is outside the EU / UK but was originally bought by johnny foreigner from the EU / UK (VAT paid or not) and you subsequently purchased the item and re-import it, then you are only liabe for the reduced rate at 5%, however there is a proviso in that the item must have been outside of the EU / UK for 12 months or more. 5) If as per (4) above the artwork was exported having VAT paid (as many POW prints are) and you can present this evidence / paper trail to HMRC, you can argue that VAT has already been paid and is not applicable. For further reference the relevant information can be found in the URL below, sections 3.4, 3.5, 11 and 11.1 are most useful. If you disagree with the VAT you have paid on import please refer to 11.5 for details of appeals; customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageExcise_ShowContent&id=HMCE_CL_000199&propertyType=documentxx Hi all, I import art on a weekly basis from the USA and europe and there is a big part of the story you are missing. 5% is chargeable on works of art which are classed as original works of art, this means the edition number is no higher than 8. When the item is imported if declared correctly 5% import duty is charged. If the item is from an edition of over 8 then 17.5% import duty is charged. This is the same for sculptures and paintings. Photographs have to be produced and signed by the artist from the negative and can be no more than of an edition of 30. Prints are a little more complex as they have to clearly be limited edition, however there is no guideline to what constitutes a limited edition, that said it would be fair to say an edition od 10,000 is not an original and therefore subject to import duty of at this time 17.5%. If you have paid VAT on on a work of art in the EU there is NO import duty to pay, but if coming from USA or outside the EU import duty must be paid or you are smuggling. Any questions please pm me and I'll do the best to answer anything you need to know.
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Nick Walker โข The Empire's State, by dmandpenfold on Jan 14, 2009 11:23:02 GMT 1, Some of the conversations I overheard last night were almost out of a comedy sketch parodying the rich art snob.
Pez, obvious but funny link for your parody...enjoy.....again
Some of the conversations I overheard last night were almost out of a comedy sketch parodying the rich art snob. Pez, obvious but funny link for your parody...enjoy.....again
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
get your dogs out for the lads, by dmandpenfold on Jan 9, 2009 17:43:19 GMT 1, isnt that cruel having a ball tied to his nose ring Ross
isnt that cruel having a ball tied to his nose ring Ross
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Nick Walker โข The Empire's State, by dmandpenfold on Jan 9, 2009 17:41:08 GMT 1, What about the 50 for panambabe?
so 25 for hangers on, 50 for panaamamamamamabaaabe, 1 for Tom Cobbly, that leaves 99...100 of which will be released at the show and the remainder auctioned to overseas..... huh
better start printing a few AP's for sure.
What about the 50 for panambabe? so 25 for hangers on, 50 for panaamamamamamabaaabe, 1 for Tom Cobbly, that leaves 99...100 of which will be released at the show and the remainder auctioned to overseas..... huh better start printing a few AP's for sure.
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
I WILL DO SOMETHING TO STOP THE SLAUGHTER IN GAZA!, by dmandpenfold on Jan 9, 2009 17:38:34 GMT 1, big brother too, utter shit, mindless crud full of mindless has beens and wannabees praised and adored by the mindless masses..
...too true sean, i just dont see it as a very effective step, but i cant think of anything better right this second either
big brother too, utter shit, mindless crud full of mindless has beens and wannabees praised and adored by the mindless masses..
...too true sean, i just dont see it as a very effective step, but i cant think of anything better right this second either
|
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Nick Walker โข The Empire's State, by dmandpenfold on Jan 9, 2009 16:29:05 GMT 1, oh yes forgot the hangers on, plus 1 for uncle Tom Cobbly
EDIT: actually doesnt NW usually do a ton of AP's for the hangers on
oh yes forgot the hangers on, plus 1 for uncle Tom Cobbly
EDIT: actually doesnt NW usually do a ton of AP's for the hangers on
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Nick Walker โข The Empire's State, by dmandpenfold on Jan 9, 2009 16:11:44 GMT 1, so that's 100 on the night and 75 to overseas buyers via lotto?
so that's 100 on the night and 75 to overseas buyers via lotto?
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
get your dogs out for the lads, by dmandpenfold on Jan 9, 2009 15:11:54 GMT 1, Proper job...... Poppy
Proper job...... Poppy
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
I WILL DO SOMETHING TO STOP THE SLAUGHTER IN GAZA!, by dmandpenfold on Jan 9, 2009 15:01:22 GMT 1, not being a party pooper BB, but i dont think the Israeli's would give a damn even if you marched to the Knesset and back
not being a party pooper BB, but i dont think the Israeli's would give a damn even if you marched to the Knesset and back
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Old banksy in Bristol, by dmandpenfold on Jan 9, 2009 14:54:55 GMT 1, I saw that a couple of years back, got a guided tour of the shop whilst at the Nick Walker show in the Wonderful Workshop, it's right next door to where that was. It's a big bastard of a thing, apparently banksy swapped it for a big bag of grass clippings
Funnily enough i also met hairy monster Justin Lee Collins in a pub up the road that day too and got a huge tour of the Bristol graf spots from hugs, splendid fellow, even if he's buggered off to Aus.
I saw that a couple of years back, got a guided tour of the shop whilst at the Nick Walker show in the Wonderful Workshop, it's right next door to where that was. It's a big bastard of a thing, apparently banksy swapped it for a big bag of grass clippings Funnily enough i also met hairy monster Justin Lee Collins in a pub up the road that day too and got a huge tour of the Bristol graf spots from hugs, splendid fellow, even if he's buggered off to Aus.
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Banksy โข Weston Super Mare Print, by dmandpenfold on Jan 8, 2009 16:48:10 GMT 1, agreed dont chance it without some sort of reliable backup... i have a friend who bought a signed banksy several years ago, he was recently told by POW that it was not kosher
agreed dont chance it without some sort of reliable backup... i have a friend who bought a signed banksy several years ago, he was recently told by POW that it was not kosher
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
PROFESSIONAL HELP NEEDED FOR CANVAS WRINKLE, by dmandpenfold on Jan 8, 2009 16:44:40 GMT 1, oooh reminds me of thise snooker dogs....
perhaps you should try curiousgeorge he's always got some good advice for print damage
oooh reminds me of thise snooker dogs.... perhaps you should try curiousgeorge he's always got some good advice for print damage
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
VAT/ Customs charges, by dmandpenfold on Jan 8, 2009 15:25:29 GMT 1, Gents,
here is a link to another thread with a lot of info to help
urbanartassociation.com/index.cgi?board=ebaychat&action=display&thread=17538&page=1#62071
basically limited edition prints produced by the artist and originals are charged VAT at the reduced rate of 5%. All other artwork is charged at the higer VAT rate, now 15%. There are also customs duties to bear in mind, however for limited editions and originals the customs duty is zero. You will also end up paying a processing fee to Parcel Farce or whoever it was shipped by.
amin, if someone buys a print from the US and imports it to the UK they are liable for any VAT, after all they couldnt buy anything in the UK and expect the shop owner to pay the VAT so why would it be different for items shipped in from overseas. If you get some idiot insisting you pay it then i would politely tell them to 'bugger orf'
Pupster, if you bought the NW print from someone in the US as a private sale then you should not be liable for VAT and should claim it back from HMRC. However if the print was originally bought in the US and no VAT was paid on it then HMRC might have a case that VAT should be paid. If the guy you bought it from bought it from the UK online and he paid the same price as everyone else then he will have paid VAT, in which case VAT has already been paid on the original item to HMRC and they have no case to demand VAT from you for having it re-imported to the UK. Unfortunaltely it's up to you to send them the evidence etc to make your claim. As with all UK govt depts it's a case of shoot first ask questions later.
hope that helps.
Gents, here is a link to another thread with a lot of info to help urbanartassociation.com/index.cgi?board=ebaychat&action=display&thread=17538&page=1#62071basically limited edition prints produced by the artist and originals are charged VAT at the reduced rate of 5%. All other artwork is charged at the higer VAT rate, now 15%. There are also customs duties to bear in mind, however for limited editions and originals the customs duty is zero. You will also end up paying a processing fee to Parcel Farce or whoever it was shipped by. amin, if someone buys a print from the US and imports it to the UK they are liable for any VAT, after all they couldnt buy anything in the UK and expect the shop owner to pay the VAT so why would it be different for items shipped in from overseas. If you get some idiot insisting you pay it then i would politely tell them to 'bugger orf' Pupster, if you bought the NW print from someone in the US as a private sale then you should not be liable for VAT and should claim it back from HMRC. However if the print was originally bought in the US and no VAT was paid on it then HMRC might have a case that VAT should be paid. If the guy you bought it from bought it from the UK online and he paid the same price as everyone else then he will have paid VAT, in which case VAT has already been paid on the original item to HMRC and they have no case to demand VAT from you for having it re-imported to the UK. Unfortunaltely it's up to you to send them the evidence etc to make your claim. As with all UK govt depts it's a case of shoot first ask questions later. hope that helps.
|
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Merry Christmas POW, by dmandpenfold on Dec 19, 2008 18:58:07 GMT 1, good to see eelus is enjoying a revival
good to see eelus is enjoying a revival
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
POW Number, by dmandpenfold on Dec 19, 2008 18:55:50 GMT 1, no that's fair enough fuzzed, problem is too many people werent using their common sense and thinking before phoning hence spoliing it for the majority, pretty much the same with most things banksy related
no that's fair enough fuzzed, problem is too many people werent using their common sense and thinking before phoning hence spoliing it for the majority, pretty much the same with most things banksy related
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
POW Number, by dmandpenfold on Dec 19, 2008 18:10:41 GMT 1, it would be like putting Gordon Brown's home phone number on line
they used to advertise it online, but got so many pointless phone calls about stuff especially about banksy releases they decided to keep a lower profile, imagine the number of emails they get when banksy's are released, try taking all those as calls instead when you have relatively few staff and are trying to pack and post tubes to everyone
it would be like putting Gordon Brown's home phone number on line
they used to advertise it online, but got so many pointless phone calls about stuff especially about banksy releases they decided to keep a lower profile, imagine the number of emails they get when banksy's are released, try taking all those as calls instead when you have relatively few staff and are trying to pack and post tubes to everyone
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Merry Christmas POW, by dmandpenfold on Dec 19, 2008 18:08:57 GMT 1, i think ashby got the mic's on the online release the other day daz205
i think ashby got the mic's on the online release the other day daz205
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Very little helps no blind stamps, by dmandpenfold on Dec 19, 2008 17:57:45 GMT 1, all i care about is if it's going to snow here this weekend
all i care about is if it's going to snow here this weekend
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Top 3 gifts to get a lady...., by dmandpenfold on Dec 19, 2008 17:22:34 GMT 1, my wife met Paul McCartney once and he said "you're wearing my daughters perfume" she said "no it's mine my husband bought it me for Christmas".....
True story, happened back stage Glastonbury, she was dressed as a pink fairy at the time too
my wife met Paul McCartney once and he said "you're wearing my daughters perfume" she said "no it's mine my husband bought it me for Christmas".....
True story, happened back stage Glastonbury, she was dressed as a pink fairy at the time too
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Top 3 gifts to get a lady...., by dmandpenfold on Dec 19, 2008 16:12:24 GMT 1, yer crazy..im impressed doublehelix by how you got it. I think 'afraid' is the word you're looking for!
Perfect example of why you should never put info about yourself on the internet and also of what you can find out about people by looking on the internet.....
by the way grant, what's with the pout??
yer crazy..im impressed doublehelix by how you got it. I think 'afraid' is the word you're looking for! Perfect example of why you should never put info about yourself on the internet and also of what you can find out about people by looking on the internet..... by the way grant, what's with the pout??
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
HAPPY FRIDAY THREAD, by dmandpenfold on Dec 19, 2008 14:51:10 GMT 1,
stop shouting, i've got the flu and am trying to spend a quiet afternoon by the TV.
Christmas dinner will involve sprouts, i never eat them normally but on that one wonderful day a year they are a thing of great beauty
stop shouting, i've got the flu and am trying to spend a quiet afternoon by the TV. Christmas dinner will involve sprouts, i never eat them normally but on that one wonderful day a year they are a thing of great beauty
|
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Top 3 gifts to get a lady...., by dmandpenfold on Dec 19, 2008 14:49:04 GMT 1, Who the hell is that?..
You could alway buy her a course of pole dancing lessons, i find that goes down a treat..
Stick this in a clip frame, job done:
Who the hell is that?.. You could alway buy her a course of pole dancing lessons, i find that goes down a treat.. Stick this in a clip frame, job done:
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
New Choe... Who's keen?, by dmandpenfold on Dec 18, 2008 16:49:22 GMT 1, that's very nice arcam and a very economical technique for the internet downloadings too
that's very nice arcam and a very economical technique for the internet downloadings too
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Wishing You A Merry Christmas, by dmandpenfold on Dec 18, 2008 12:32:56 GMT 1, ha ha nice, i like how the hooters lady has a pile of buffalo wings in front of her
ha ha nice, i like how the hooters lady has a pile of buffalo wings in front of her
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Wishing You A Merry Christmas, by dmandpenfold on Dec 18, 2008 12:01:04 GMT 1, hmmm i sense a disturbance in the force......so to bring it back into balance........happy christmas
Happy Christmas everyone
hmmm i sense a disturbance in the force......so to bring it back into balance........happy christmas Happy Christmas everyone
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
OT: Serious Security Issues with Internet Explorer, by dmandpenfold on Dec 18, 2008 11:04:51 GMT 1, nice, good heads up chablis
nice, good heads up chablis
|
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
New Choe... Who's keen?, by dmandpenfold on Dec 17, 2008 20:11:50 GMT 1, agreed, portraits are v.good
agreed, portraits are v.good
|
|
dmandpenfold
Junior Member
Posts โข 2,466
Likes โข 10
December 2006
|
Banksy signed now the only option..., by dmandpenfold on Dec 17, 2008 14:51:12 GMT 1, just because a print is signed, doesnt make it any less easier to fake, that being used as the basis for only releasing signed seems a wild stab in the dark.
I know one person who has a signed print bought a few years ago, this has subsequently turned out to be fake yet has some very good provenance and that's from the time when Banksy flipping was probably just kicking off in a bigger way.
I've mentioned it before but what makes people think that a PC COA cant be faked when clearly just about everything else can be
just because a print is signed, doesnt make it any less easier to fake, that being used as the basis for only releasing signed seems a wild stab in the dark.
I know one person who has a signed print bought a few years ago, this has subsequently turned out to be fake yet has some very good provenance and that's from the time when Banksy flipping was probably just kicking off in a bigger way.
I've mentioned it before but what makes people think that a PC COA cant be faked when clearly just about everything else can be
|
|