# Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax, Article 317

Extent: E+W+S+N.I.

If a taxable dealer exercises the option under Article 316, the taxable amount shall be determined in accordance with Article 315.
In respect of the supply of works of art, collectors' items or antiques which the taxable dealer has imported himself, the purchase price to be taken into account in calculating the profit margin shall be equal to the taxable amount on importation, determined in accordance with Articles 85 to 89, plus the VAT due or paid on importation.

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Source: https://www.legislation.gov.uk/eudr/2006/112/article/317 (the official version)
Page: https://openlegislation.uk/eu-directive-2006-112/article-317
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.