Britannia AuctionsWho pays the buyer's premium and VAT?
The buyer does. The buyer's premium is a percentage added to the hammer price and paid by the buyer along with it. VAT is charged where it applies and shown separately on the buyer's invoice. The details for your sale are explained when we discuss it. We collect all of this from the buyer and account for it. Your return is the hammer price less the commission and any costs agreed in your instruction.
This question comes up in
Commercial vehicle and fleet auctions
Vans, trucks, trailers and whole fleets sold with the paperwork sorted and finance settled.
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