uk import vat on art

The Art Newspaper: Italy could slash VAT on imported works of art Italy is poised to slash VAT rates on art imports to 5.5% in an effort to turn the country into a major competitor in the global art market. Italy currently applies a reduced VAT rate of 10% on art ... MSN: Italy Finally Bows to Local Pressure and Slashes Art VAT to 5 Percent It's hard to make tax sexy, but Italy is doing its best.

Understanding the Context

On Monday, the Italian government announced will cut the country's VAT on art sales from 22 percent-the highest in the European Union-to just 5 ... Italy Finally Bows to Local Pressure and Slashes Art VAT to 5 Percent consilium.europa: VAT rules: Council agrees position on directive simplifying tax collection for imports The Council reached agreement on the position of member states (the so-called ‘general approach’) on the directive on value added tax (VAT) rules for distance sales of imported goods and import VAT. VAT rules: Council agrees position on directive simplifying tax collection for imports