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Tax
‘Outstanding’ maiolica medicine jar bought by British Museum in tax arrangement with dealer Sam Fogg
28 February 2020A sixteenth century double-handled maiolica albarello, bought by Mayfair dealer Sam Fogg in 2014, has been acquired by the British Museum.
US tariffs on Chinese art “diverts market elsewhere”, says Sotheby’s
08 January 2020Sotheby’s has added its weight to the art market’s response against President Donald Trump’s imposition of import tariffs on Chinese works of art in the US.
Antiques trade welcomes plan to slash some business rates from April
06 January 2020Trade bodies and dealers with shops have given a collective thumbs-up to the new Conservative government’s pledge to slash small business rates by half.
Mod Brit artworks gifted to nation will go on display at Hepworth Wakefield gallery
03 January 2020Three works by Modern British artists will go on display at The Hepworth Wakefield gallery following a donation via the government’s Cultural Gifts Scheme.
At last! Some Christmas cheer for high street dealers
21 December 2019Trade body leaders and dealers have given a collective thumbs up to the new Conservative government’s pledge to slash small business rates by half.
Christie’s seeks exemption from Chinese import tax in US
08 November 2019Christie’s has been praised for its stance on US tariffs on Chinese art after it became the first art market firm to seek exclusion from the tax, part of the ongoing trade war between the US and China. Late in October, Christie’s applied for exemption from a “punishing” import tax on seven types of Chinese art.
Irish dealers pitch environmental credentials to win VAT-free status ahead of Brexit
17 September 2019The Irish Antique Dealers Association has written to Ireland’s finance minister to press for VAT-free status as a green retail business, to relieve them of the 13.5% value-added tax they currently pay.
US tariffs on Chinese art widened to include books and increased to 15%
02 September 2019A tax on imports into the US of art, antiques and objects made in China took effect today.
Renewed threat of US tax on Chinese art
19 August 2019A UK dealer is considering moving Chinese objects to the US earlier than planned in the hope of staying ahead of import tariff changes.
Art is back on Trump's China tariff list
14 August 2019Dealers in Chinese art remain on high alert as art and antiques appeared on a new list of Chinese goods facing a 10% US import tariff from September 1.
Trump's proposed US tax on Chinese art imports ‘would harm local trade and benefit China’, trade officials told
28 June 2019A renewed threat to tax Chinese art imports into the US, including those from the UK, would harm the local antiques trade and instead benefit China, US trade officials have heard.
Victoria and Albert Museum acquires Chippendale's Harewood House pier tables and mirrors for the nation
18 June 2019A set of pier tables and mirrors from the Thomas Chippendale workshop has been accepted in lieu for the nation and allocated to the Victoria & Albert Museum.
Call on antiques trade to oppose tariffs on Chinese antiques once again
27 May 2019The global art market is preparing to defend itself against a renewed US threat to tax Chinese art imports, as part of President Trump’s trade war with China.
Trump administration in renewed threat to tax Chinese art imports
20 May 2019Chinese art and antiques are part of a new list of $300bn-plus of imports drawn up by President Trump’s administration in the country’s escalating trade war with China, ATG understands.
Overhaul business rates despite Budget reprieve, say trade bodies
05 November 2018The UK art and antiques trade is calling for an overhaul of the “archaic and regressive system” of business rates and dismissed the Budget rates relief announcement as “too little too late”.
Business rates cut is relief for antiques dealers and art galleries
29 October 2018Small antiques shops and art galleries have been given a reprieve on business rates with Chancellor of the Exchequer Philip Hammond announcing a cut by a third for many small businesses.
Trade lobbying helps win reprieve on US imports of Chinese art and antiques
24 September 2018The art and antiques trade celebrated a victory in the US after the Trump administration dropped plans for an import tax of 25% on art and antiques of Chinese origin.
Chinese art and antiques will NOT be subject to President Donald Trump's import tariff
18 September 2018Chinese art and antiques have been spared from the imposition of a new US import tax on Chinese goods, after protests by art market leaders that the move would hurt US-based art and antiques firms and collectors, ATG has learned.
Dealers ‘must prepare for digital VAT reporting’
03 September 2018BADA and LAPADA have alerted their members that any business with an annual taxable turnover more than the VAT registration threshold (currently £85,000) should keep digital records.
Trump’s Chinese art tax ‘would hit small dealers’, culture lawyer tells US government officials
27 August 2018A leading US culture lawyer has testified at Washington, DC trade hearings about how a Chinese art import tariff would have a negative effect on small and medium-sized US dealers.
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