Exporting goods ― agents and auctioneers

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note covers the VAT treatment of exports undertaken by agents and auctioneers. This note should be read in conjunction with the Exporting goods ― overview and Exporting goods ― proof of export guidance notes.

See the Supply and consideration ― agents, agency and principals guidance note for more information about agency in general.

See De Voil Indirect tax Service V4.301 for more information on exporting goods.

Auctioneers

If a person is selling goods at an auction and those goods will be exported, the VAT treatment of the sale will depend upon whether the auctioneer will be acting in their own name (ie as an undisclosed agent) or as a disclosed agent, and whether the purchaser knows that they are buying the goods from a UK seller. The UK seller needs to know what the arrangements will be from a VAT perspective as this will determine whether VAT needs to be accounted for on the goods sold at the auction where they are subsequently exported to an overseas destination.

From a

Continue reading the full document

To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+™

TAKE A FREE TRIAL NOW

Popular Articles

Trusts and Inheritance Tax

BPR ― trading and investment businesses

BPR ― trading and investment businessesIntroductionThe basic qualification rules for business property relief (BPR) are illustrated in the Flowchart ― trading or investment business for BPR purposes.For an overview of BPR, see the BPR overview guidance note.Relevant business propertyThe main

14 Jul 2020 15:36 | Produced by Tolley Read more

Corporation Tax

What are connected companies for loan relationship purposes ― practical approach

What are connected companies for loan relationship purposes ― practical approachBrief overview of the rulesThe loan relationships legislation applies to any ‘money debt’ arising from the lending of money entered into by a company, either as a lender or borrower. The rules are contained in CTA 2009,

20 Apr 2021 16:00 | Produced by Tolley Read more

Corporation Tax

Double tax relief

Double tax reliefWhen income arises in a foreign country to a UK resident company and that income is taxable in that foreign country, the UK may give the company relief for the foreign tax by crediting the foreign tax against the UK tax charged on that income. This might include withholding tax on

14 Jul 2020 11:31 | Produced by Tolley Read more

UU��ֱ��