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Authors of original works of art are entitled to a royalty each time one of their works is resold through an art market professional.
How to use VAT margin schemes - records you need to keep, invoicing and VAT return reporting
VAT margin schemes tax the difference between what you paid for an item…
You can only use a margin scheme for: second-hand goods works of art…
You must keep the usual VAT records when you use a margin scheme. You must…
You must show any goods you bought or sold using a margin scheme on your…
Find out if you’re an art market participant and need to register with HMRC under the money laundering regulations.
Working with the EU in the art market sector.
If you import or export goods, find out if you can use a margin scheme to account for VAT. (VAT Notice 718)
Find out which disposals of assets from historic houses are within the scope of VAT.
If you provide services to a seller or buyer in the UK, find out about the auctioneers' VAT margin scheme and how to account for VAT (VAT notice 718/2).
The Reviewing Committee on the Export of Works of Art and Objects of Cultural Interest (RCEWA) advises the government on the export of cultural property. If an artwork is sold to a foreign buyer, it also advises on whether to...
How to apply for a licence to export cultural goods, including antiques, furniture and archaeological items.
Steps to help grow your business - finding finance, mentors, increasing sales and developing products and services
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