VAT Rates

WORKS OF ART (Works of art)


Reduced rate


Schedule 5 Works of art are liable at the Reduced rate at importation and in circumstances of Section 48(1). However, where sold under the margin scheme or special auction scheme, such works are liable at the Standard rate on the margin. Other circumstances rate varies.

Value-Added Tax Consolidation Act 2010 (VATCA 2010) Ref

Section: 46(1)(c) Schedule: 3 Paragraph: 23