BCA VAT on Hammer Price
BCA VAT on Hammer Price
Author
Discussion

w00die

Original Poster:

81 posts

84 months

Thursday 11th April 2024
quotequote all
In the BCA online auctions, if it's VAT Qualifying, is VAT added to the hammer price? So if it's £20k hammer, will I get an invoice for £24k or £20k including the VAT?

Seems like a very basic question and I assume the hammer price includes the VAT but some cars go for so much below CAP that I'm beginning to wonder!

av185

20,464 posts

154 months

Thursday 11th April 2024
quotequote all
Inclusive.

w00die

Original Poster:

81 posts

84 months

Thursday 11th April 2024
quotequote all
av185 said:
Inclusive.
ta

Soloman Dodd

1,002 posts

69 months

Friday 12th April 2024
quotequote all
The VAT is payable on the buyers premium, not the whole bid amount.

ACCYSTAN

1,358 posts

148 months

Saturday 13th April 2024
quotequote all
The fees are wild at BCA

https://www.bca.co.uk/dam/jcr:0e4e90f5-c2cb-43d0-8...

Plus
V5 fee
Admin fee
Assured fee

Expensive company to do business with