Wise & Co will help to translate your passion for fine art and antiques into sound business practice. Our specialist team can advise on how to minimise your VAT liability, particularly if goods enter bonded warehouses when they reach the UK.
We can also help to set up and maintain the records needed to comply with HMRC’s requirements. Did you know that most antiques are bought and sold under the Margin Scheme? It can save you money – but there are strict HMRC rules that need to be followed. This is where our experts can help. Wise & Co’s dedicated staff will provide a speedy, accurate and flexible service.
They can also help you avoid stressful complications if you share the cost of high value items with other dealers, giving you the peace of mind to concentrate on making your business thrive and grow. It’s not all an uphill struggle though. Are you aware that antiques imported into the EU benefit from a reduced import VAT duty of only 5% compared to the normal 20%? So why risk having to pay additional costs?
To find out more about our services or to arrange a free consultation, please contact Sharmini Woodings on 01252 711244