VAT Guidelines (London and Berlin Sales)

We’re delighted that you’re interested in participating in our London or Berlin auctions. We know that Value Added Tax (VAT) can seem like a daunting topic, but we’re here to make it easier for you.

Below, you will find detailed advice on possible VAT scenarios for both UK and non-UK buyers (London sales) and both EU and non-EU buyers (Berlin sales). As always, we suggest consulting with your local tax authority for tailored advice.

London Berlin
Margin Scheme
(items with no symbol in the catalog)
Hammer Price

All items sold without a symbol are sold under the Auctioneers’ Scheme and have no VAT charged on the hammer price.

Buyer’s Premium

An amount equivalent to VAT of 20% will be added to the amount of the buyer’s premium on all Auctioneers’ Scheme items except those shipped by Tarisio to an address outside the UK (see Refunds of VAT below).

Seller’s Premium

An amount equivalent to VAT of 20% will be added to the amount of the seller’s premium on all Auctioneers’ Scheme items except for those which are exported from the UK after the sale.

Buyers from outside the UK should note that local import VAT, import duties, sales taxes and/or use taxes may be payable upon import of purchases. Please note that as of January 2021, this includes buyers from EU countries. Buyers should obtain advice from their local tax authority in this regard.

 

Hammer Price

All items sold without a symbol are sold under the Margin Scheme and have no additional VAT charged on the hammer price. For items shipped by Tarisio outside the EU, margin scheme is not applied and the export delivery will be tax free.

Buyer’s Premium

An amount equivalent to VAT of 19% will be added to the amount of the buyer’s premium on all Margin Scheme items except those shipped by Tarisio to an address outside the EU (see Refunds of VAT below).

Seller’s Premium

An amount equivalent to VAT of 19% will be added to the amount of the seller’s premium on all Margin Scheme items except for those which are exported from the EU after the sale.

Buyers from outside the EU should note that local import VAT, import duties, sales taxes and/or use taxes may be payable upon import of purchases. Please note that as of January 2021, this includes buyers from the UK. Buyers should obtain advice from their local tax authority in this regard.

Temporary Admissions
(items marked ‡ or Ω in the catalog)
These items are classed as temporary admissions and are sold under the Auctioneers’ Scheme. If a sold item remains in the UK, it is entered into “Home Use” and import VAT of 5% (for items over 100 years old, marked ‡ in the catalog) or 20% (items under 100 years old, marked Ω in the catalog) will be added to the hammer price. For non-antique instruments and bows, import duty of 2% will be charged on the hammer price. An administrative fee of £115 per lot will apply for entering them into Home Use.

 

These items are classed as temporary admissions and are sold under the Margin Scheme. If a sold item remains in the EU, it is entered into “Home Use” and import VAT of 19% will be added to the hammer price. For antique lots (items over 100 years old, marked ‡ in the catalog), there is no duty due. For non-antique lots (items under 100 years old, marked Ω in the catalog), import duty of 3.2% for instruments and 2.7% for bows will also be charged on the hammer price. An administrative fee of €200 per lot will apply for entering them into Home Use.

Normal VAT rules

(items marked † in the catalog)
These items are sold under normal UK VAT rules and VAT of 20% will be added to the hammer price and the buyer’s premium. EU buyers (excludes UK) who are VAT registered and provide a valid VAT number will not be charged UK VAT. Note that items on which normal UK VAT has been applied may not resell under any Margin Scheme.

 

The statutory VAT of 19% is applied to the sum of hammer price and buyer’s premium. EU buyers who are VAT registered and provide a valid VAT number will not be charged EU VAT. Note that items on which normal EU VAT has been applied may not resell under any Margin Scheme.

 

 

 

 

 

 


VAT Refunds
VAT may be reclaimable in certain circumstances. The examples given below are for guidance only and professional advice should be sought where there is any uncertainty:

  • Buyers shipping items outside the UK will not be charged VAT on the hammer price or buyer’s premium if the item is shipped by Tarisio to an address outside the UK.
  • Buyers who themselves export an item from the UK (either via hand carry or their own shipping courier) must do so within three months of the end of the sale to be eligible for a refund of VAT. To qualify, an official proof of export must be presented to Tarisio. For hand carry, the export documentation must be provided by Tarisio (minimum purchase of £4,000 and administrative fees apply). For items marked ‡ or Ω in the catalog, proof of export must be presented within 30 days of the close of sale.
  • UK buyers who are VAT registered businesses may reclaim VAT charged on items marked † through their VAT returns. Please note that invoices paid under normal VAT rules will then not be able to sell the Lot under any UK Margin Scheme rules in the future.

It may be possible for other buyers to reclaim VAT charged under normal UK rules. Information can be obtained from HM Revenue and Customs:

HM Revenue and Customs – Compliance Centres VAT Overseas Repayment Unit S1250
Benton Park View
Newcastle upon Tyne, NE98 1YX
United Kingdom

Tel: +44 (0) 300 322 9279

Website: www.hmrc.gov.uk

  • Buyers shipping items outside the EU will not be charged VAT on the hammer price or buyer’s premium if the item is shipped by Tarisio to an address outside the EU.
  • Buyers who themselves export an item from the EU (either via hand carry or their own shipping courier) must do so within three months of the end of the sale to be eligible for a refund of VAT. To qualify, an official proof of export must be presented to Tarisio. For hand carry, the export documentation must be provided by Tarisio (minimum purchase of €7,000 and administrative fees apply). For items marked ‡ or Ω in the catalog, proof of export must be presented within 30 days of the close of sale.
  • EU buyers who are VAT registered businesses will not be charged VAT on items marked † or on administrative charges. Please note that invoices paid under normal VAT rules will then not be able to sell the Lot under any Margin Scheme rules in the future.

It may be possible for other buyers to reclaim VAT charged under normal VAT rules. Information can be obtained from the Bundeszentralamt für Steuern (Federal Central Tax Office):

Federal Central Tax Office
An der Küppe 1
53225 Bonn
Germany

Tel: +49 (0) 228 406 1200

Website: www.bzst.de