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<p>[QUOTE="Ownedbybear, post: 2831273, member: 29"]You generally pay VAT on the BP, not on the hammer price. If they're charging VAT on hammer, they're ripping you off. </p><p><br /></p><p><a href="https://www.gov.uk/guidance/auctioneers-scheme-for-vat-notice-7182" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.gov.uk/guidance/auctioneers-scheme-for-vat-notice-7182" rel="nofollow">https://www.gov.uk/guidance/auctioneers-scheme-for-vat-notice-7182</a> . Essentially, you account for VAT on the services margin. </p><p><br /></p><p>Credit card charges are illegal, but you'd pay commission to your own provider for foreign exchange. </p><p><br /></p><p>Bonhams are robbers.[/QUOTE]</p><p><br /></p>
[QUOTE="Ownedbybear, post: 2831273, member: 29"]You generally pay VAT on the BP, not on the hammer price. If they're charging VAT on hammer, they're ripping you off. [URL]https://www.gov.uk/guidance/auctioneers-scheme-for-vat-notice-7182[/URL] . Essentially, you account for VAT on the services margin. Credit card charges are illegal, but you'd pay commission to your own provider for foreign exchange. Bonhams are robbers.[/QUOTE]
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