The knock-down price of a foal is exclusive vat. If the selling party (owner foal) is registered for vat, the foal will be sold based on the regulations of vat. This is indicated by the icon “VAT” in the catalogue. The knock-down price and 8% auction commission of the foal will be increased with 21% vat. Due to changed regulations it is not possible to buy a foal with using the 9%-rate.
If a foal is sold under the margin-regulations (no VAT-icon in the catalogue), no vat will be charged over the knock-down price. Only the 8% auction commission will be increased with 21% vat.
If you buy a foal as an inhabitant of a country which is a member of the European Union with a foreign VAT identification number which can be verified by the organization, the transaction will be done under the regulations of Intra Community Transaction. When delivering the foal, a statement has to be signed by the buyer, in which he declares that the foal has been received in another country as The Netherlands.
When you buy a foal as an inhabitant of a country which is not a member of the European Union, no vat will be calculated if the foal is being exported.