This amount of Vat Deposit will be refunded to the overseas purchaser if the Auctioneers receive satisfactory evidence of export within the required time limit. If the evidence is not received on time or is insufficient, the VAT Deposit will be paid over to HMRC as VAT.Ĥ.3 Overseas Purchasers, from countries outside the European Community, will be required to pay a VAT Deposit equivalent to the standard UK rate of VAT. Once all the required evidence of removal from the UK has been received within the time limits, this Deposit will be returned to the Purchaser. A VAT Deposit equivalent to the UK standard rate of VAT may be taken in some circumstances entirely at the discretion of the Auctioneers. Details of the evidence required and the time limits are available from the Auctioneer’s office. If acceptable evidence is not received within these time limits, VAT at the standard UK rate will become payable and will not be recoverable by the purchaser. The zero rating of items purchased is also subject to the auctioneers receiving valid proof that the items have been removed from the UK and delivered to the Purchaser’s address in another EU member state within the required time limits. Once the VAT number and customer details have been checked by the Auctioneers with the Europa website, any standard rated items, together with any Buyer’s Premium charged thereon, may be zero rated for UK VAT purposes. Full details of both the Margin Scheme and the Auctioneers’ Margin Scheme can be found on the HMRC website notices 718, 718/1 and 718/2.Ĥ.2 Purchasers from the European Community countries outside the UK who are registered for VAT or its equivalent in their member state will be required to supply the Auctioneers with their VAT/FISCAL number and a copy of their VAT registration certificate. Prospective Purchasers should check with the Auctioneers before bidding if they are unsure in to which category any Lot falls. The Auctioneers may choose, entirely at their discretion, to use one or both of these Schemes in any Auction for eligible items. Under the Margin Scheme or the Auctioneers’ Margin Scheme, the Buyer’s Premium will be shown inclusive of VAT which cannot be reclaimed as input tax. The Buyer’s Premium will be subject to a minimum charge of £5 plus VAT per Lot and to the Conditions below.Ģ.2 VAT at the standard rate will be charged on all charges except those detailed in 4.2 below.ģ.1 Any person entering the Sale Site does so at their own risk.ģ.2 Any person entering the Sale Site must comply with the requirements of all Health and Safety notices.ģ.3 The Auctioneers reserve the right to refuse admission to any person or entry of any Lots in to the Sale without giving any reason.Ĥ.1 VAT at the standard UK rate will be added to the hammer price on all Lots unless the Lot is sold under either the Margin Scheme (including second hand vehicles) or the Auctioneers’ Margin Scheme when VAT will not be added separately to the hammer price. No employee or agent of the Auctioneers has any authority to vary these Conditions.Ģ.1 All purchases will be subject to a buyer’s premium as stated in the foreword or special conditions on all Lots sold by auction or by private treaty. Words denoting one gender include all genders and words denoting persons include corporations and vice versa.ġ.4 The Auctioneers may supplement or supersede these Conditions in whole or part with Special Conditions applicable to a specific sale or Lot which will be announced at the time of sale. Our staff will be happy to help you if there is anything you do not fully understand.ġ.2 Please refer to Clause 1 of the Conditions of Sale if you are unsure about the meaning of any defined term.ġ.3 Except where the context otherwise requires words denoting the singular include the plural and vice versa. All Bidders and Buyers will be deemed to have read and accepted these terms and conditions prior to bidding. 1.1 The following informative notes are intended to assist Bidders and Buyers and form part of our Conditions of Business, including the Information for Buyers, Conditions of Sale and the Terms of Consignment for Sellers, which are readily available for inspection on our web-site ( and at our offices.
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