An auctioneering business who paid a €250,904 Vat bill on behalf of its client was left stuck with the cost after a claim to have the Vat repaid was thrown out by the Tax Appeals Commission recently. The tale of woe began when foreign-based owners of an art collection decided that the best venue for the auction was Ireland. In two consignments, the art was transported to Ireland. Import Vat on the declared value of the collection, €1,857,807, at the 13.5 per cent Vat rate, €250,904, was paid by the auction house to Revenue even though the artwork remained in…

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