Several European countries apply reduced VAT rates for imported works of art, collector's items, and antiques. As of January 1, 2023, the United Kingdom, Malta, and Cyprus applied the lowest reduced VAT rate in Europe, taxing such imported goods at five percent. Meanwhile, France also reported a rather low reduced VAT rate for imported art and antiques, taxing these goods at 5.5 percent.
Reduced VAT rates applied to imported works of art, collector's items, and antiques in the European Union (EU 27) and United Kingdom as of January 2023
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Other statistics that may interest you Art market in the United Kingdom (UK)
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- Premium Statistic Global art market value 2007-2023
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- Premium Statistic Art and antiques' UK import value 2008-2023
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- Premium Statistic Value of painting and sculpture imports to the UK Q1 2015-Q3 2023
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- Distribution of the global art market in 2015, by country
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- Market share of fine art auction sectors in the U.S. in 2013, by value
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European Commission, & GOV.UK. (January 1, 2023). Reduced VAT rates applied to imported works of art, collector's items, and antiques in the European Union (EU 27) and United Kingdom as of January 2023 [Graph]. In Statista. Retrieved May 04, 2024, from https://www.statista.com/statistics/1224396/vat-rates-for-imported-art-and-antiques-eu-and-uk/
European Commission, und GOV.UK. "Reduced VAT rates applied to imported works of art, collector's items, and antiques in the European Union (EU 27) and United Kingdom as of January 2023." Chart. January 1, 2023. Statista. Accessed May 04, 2024. https://www.statista.com/statistics/1224396/vat-rates-for-imported-art-and-antiques-eu-and-uk/
European Commission, GOV.UK. (2023). Reduced VAT rates applied to imported works of art, collector's items, and antiques in the European Union (EU 27) and United Kingdom as of January 2023. Statista. Statista Inc.. Accessed: May 04, 2024. https://www.statista.com/statistics/1224396/vat-rates-for-imported-art-and-antiques-eu-and-uk/
European Commission, and GOV.UK. "Reduced Vat Rates Applied to Imported Works of Art, Collector's Items, and Antiques in The European Union (Eu 27) and United Kingdom as of January 2023." Statista, Statista Inc., 1 Jan 2023, https://www.statista.com/statistics/1224396/vat-rates-for-imported-art-and-antiques-eu-and-uk/
European Commission & GOV.UK, Reduced VAT rates applied to imported works of art, collector's items, and antiques in the European Union (EU 27) and United Kingdom as of January 2023 Statista, https://www.statista.com/statistics/1224396/vat-rates-for-imported-art-and-antiques-eu-and-uk/ (last visited May 04, 2024)
Reduced VAT rates applied to imported works of art, collector's items, and antiques in the European Union (EU 27) and United Kingdom as of January 2023 [Graph], European Commission, & GOV.UK, January 1, 2023. [Online]. Available: https://www.statista.com/statistics/1224396/vat-rates-for-imported-art-and-antiques-eu-and-uk/