Details of the evidence required and the time limits are available from the Auctioneer’s office. If acceptable evidence is not received within these time limits, VAT at the standard UK rate will become payable and will not be recoverable by the purchaser. Full details of both the Margin Scheme and the Auctioneers’ Margin Scheme can be found on the HMRC website notices 718, 718/1 and 718/2.Ĥ.2 The zero rating of items purchased is subject to the auctioneers receiving valid proof that the items have been removed from the UK and delivered to the Purchaser’s address in another EU member state within the required time limits. Prospective Purchasers should check with the Auctioneers before bidding if they are unsure in to which category any Lot falls. The only other exception will be in the case of ‘zero-rated’ or ‘exempt’ items which will be marked in the catalogue with either a ‘Z’ or an ‘E’ and will not attract VAT. Lots included under one of these schemes will be marked in the catalogue with either an ‘M’ or an ‘A’. The Auctioneers may choose, entirely at their discretion, to use one or both of these Schemes in any Auction for eligible items. Under the Margin Scheme or the Auctioneers’ Margin Scheme, the Buyer’s Premium will be shown inclusive of VAT which cannot be reclaimed as input tax. The Buyer’s Premium will be subject to a minimum charge of £2.50 plus VAT per Lot and to the Conditions below.Ģ.2 VAT at the standard rate will be charged on all charges except those detailed in 4.2 below.ģ.1 Any person entering the Sale Site does so at their own risk.ģ.2 Any person entering the Sale Site must comply with the requirements of all Health and Safety notices.ģ.3 The Auctioneers reserve the right to refuse admission to any person or entry of any Lots in to the Sale without giving any reason.Ĥ.1 VAT at the standard UK rate will be added to the hammer price on all Lots unless the Lot is sold under either the Margin Scheme (including second hand vehicles) or the Auctioneers’ Margin Scheme when VAT will not be added separately to the hammer price. No employee or agent of the Auctioneers has any authority to vary these Conditions.Ģ.1 All purchases will be subject to a buyer’s premium as stated in the foreword or special conditions on all Lots sold by auction or by private treaty: Words denoting one gender include all genders and words denoting persons include corporations and vice versa.ġ.4 The Auctioneers may supplement or supersede these Conditions in whole or part with Special Conditions applicable to a specific sale or Lot which will be announced at the time of sale. Our staff will be happy to help you if there is anything you do not fully understand.ġ.2 Please refer to Clause 1 of the Conditions of Sale if you are unsure about the meaning of any defined term.ġ.3 Except where the context otherwise requires words denoting the singular include the plural and vice versa. All Bidders and Buyers will be deemed to have read and accepted these terms and conditions prior to bidding. Invoices for each sale will issued 24 hours after the completion of each sale.ġ.1 The following informative notes are intended to assist Bidders and Buyers and form part of our Conditions of Business, including the Information for Buyers, Conditions of Sale and the Terms of Consignment for Sellers, which are readily available for inspection on our web-site ( and at our offices. Cheffins accepts no liability whatsoever for any loss of the Online Bidding Service and the ability to bid. Any unused deposits will be refunded within 72 hours from closure of ALL the auctions. Deposits will be credited against any purchases made, any balance will be refunded. A deposit of £1000 payable by debit card or bank transfer is required upon registration.Bidders wishing to use the online bidding service are required to register prior to the sale.Viewing - Sunday 7 th August between 1pm and 4pm. Tractors, wheeled and tracked plant only, may be delivered to the saleground on Sunday 7 th August between 9am and 12pm. Machinery – Live auction on Monday starting from 9.30amĪll other sections – Timed online auction – commence Friday 5 th August with staggered finishes on 9 th Augustĭelivery of machinery – All items of machinery entered must be on site by Friday 4pm at the latest. Tractors and plant – Live auctions on Monday starting from 9am & 10am
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