Normally at Antiques auctions the VAT is only on the premium ie: If the sale price is £20,000 the premium is 10% = £2,000 the vat would be £400 total price = £22400
You would be wise to check this with the Auction house to confirm. There would be a further 3% + vat on the hammer price charge on top if bidding via the net.
Jim.
Last edited by jcmog; 24/01/16 10:05 AM.
