{
  "url": "https://openlegislation.uk/value-added-tax-treatment-of-transactions-and-special-provisions-amendment-order-2006/note",
  "json_url": "https://openlegislation.uk/value-added-tax-treatment-of-transactions-and-special-provisions-amendment-order-2006/note.json",
  "legislation": "uksi/2006/2187",
  "legislation_title": "The Value Added Tax (Treatment of Transactions and Special Provisions) (Amendment) Order 2006",
  "legislation_url": "https://openlegislation.uk/value-added-tax-treatment-of-transactions-and-special-provisions-amendment-order-2006",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nArticle 2(3) removes from the scope of the Value Added Tax (Treatment of Transactions) Order 1995 (S.I. 1995/958) sales by auction of works of art, antiques, collections and collector’s pieces if the goods are then treated as imported, for VAT purposes, following their removal from the customs temporary importation procedure. The sales are consequently treated for those purposes as supplies of goods or services.\nArticle 2(2) does similar for the provision of related services.\nArticles 3(2) and 3(3) enable the auctioneers to account for VAT on just the profit margin, using the existing scheme for dealers and auctioneers, instead of by reference to the value of the supply.\nA full regulatory impact assessment has not been produced for this instrument as it has no impact on the costs of business, charities or voluntary bodies.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Article 2(1) takes the opportunity to revoke otiose references."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Article 3(1) takes the opportunity to update a reference."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/2187/note",
    "retrieved_at": "2026-10-29T04:23:26.094726+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}