Tarisio Buying fees

June 8, 2017, 1:39 PM · A short question to the community. I am thinking about bidding on a bow in the next London auction at Tarisio, maybe I will hop there to try it.
I am a bit unclear about all the fees that come in addition to the hammer price.
There is a 8.xx% sales tax mentioned. Does the seller or the buyer pay this? There is also the 20% VAT mentioned, so there is VAT and sales taxes applying at the same time?
Also the auction fees...
I lost ist somewhere. If I bid $1000 I additionally pay $200 VAT and $200 Buyers premium? What I am unclear of is how do the sales tax come into play and do they apply to the Buyers Premium, the hammer price or both added together?

Replies (3)

June 8, 2017, 3:47 PM · I believe VAT applies only to the buyer's premium.
Edited: June 8, 2017, 11:24 PM · See here: https://tarisio.com/buyers-sellers/buyers/vat-guidelines-london-sale/
June 9, 2017, 3:34 AM · So 1000 under the hammer are 1240 for me.

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