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<p>[QUOTE="robp, post: 5201902, member: 96746"]If they are a temporary import for an auction then no tariffs are applied at the point of entry. If sold within the country where the auction is taking place then for UK sales that means an extra 5% is charged on the hammer price, being the amount due as import VAT. That 5% is waived if the lot is re-exported as is the VAT on the buyer's premium. If the goods are unsold then they are returned to the country of the consignor and no duties are payable anywhere given the correct documentation. Lots that fall under this scheme are identified by a marker against the lot number in the catalogue.</p><p><br /></p><p>On the second point, the EU was founded by the 6 original countries for their own benefit, partly political and partly economic. De Gaulle's vision most emphatically did not include the UK as part of the mix because he famously said 'Non' on many occasions. It is still the property of the founding six. Any benefits to later members are an unplanned consequence, the main beneficiaries in the first place being the original countries who by allowing new entrants have created a semi-captive market for their own goods. In the case of supporting smaller countries and EU handouts, the cost of a billion euros here or there is a small price to pay for the effective exclusion of much meaningful competition. The UK has never been a net beneficiary of any EU handouts. Except for the adjustment at the end of our first partial year of membership, we have only ever paid in more than we received back. If you join a club and pay a membership fee, then you expect to see a benefit. From my perspective the only good thing to come out of the EU was my wife - and that didn't need Brussels' approval.[/QUOTE]</p><p><br /></p>
[QUOTE="robp, post: 5201902, member: 96746"]If they are a temporary import for an auction then no tariffs are applied at the point of entry. If sold within the country where the auction is taking place then for UK sales that means an extra 5% is charged on the hammer price, being the amount due as import VAT. That 5% is waived if the lot is re-exported as is the VAT on the buyer's premium. If the goods are unsold then they are returned to the country of the consignor and no duties are payable anywhere given the correct documentation. Lots that fall under this scheme are identified by a marker against the lot number in the catalogue. On the second point, the EU was founded by the 6 original countries for their own benefit, partly political and partly economic. De Gaulle's vision most emphatically did not include the UK as part of the mix because he famously said 'Non' on many occasions. It is still the property of the founding six. Any benefits to later members are an unplanned consequence, the main beneficiaries in the first place being the original countries who by allowing new entrants have created a semi-captive market for their own goods. In the case of supporting smaller countries and EU handouts, the cost of a billion euros here or there is a small price to pay for the effective exclusion of much meaningful competition. The UK has never been a net beneficiary of any EU handouts. Except for the adjustment at the end of our first partial year of membership, we have only ever paid in more than we received back. If you join a club and pay a membership fee, then you expect to see a benefit. From my perspective the only good thing to come out of the EU was my wife - and that didn't need Brussels' approval.[/QUOTE]
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Brexit and ancient coin trade - Implications
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