Does anyone know Vat and import duty rate payable on antiques over 100years old from Japan?
Antiques, if over 100 years old, are contained in HS position 9706.0000 and are generally 0.0% duty rate
Thanks so much for that DeWenz.
9706.00000 commodity code on HMRC website mentions VAT at 20% or reduced rate of 5%.
Do you know when 20% applies and when 5% applies as website does not elaborate?
I am not an expert for VAT, but the reduced rate (5%) should apply to old books, and the standard rate (20%) should apply to “others” (statues, vases…)