*BREXIT – ALL BUYERS PLEASE NOTE:
Neither Brown & Co or the Vendor are responsible for any VAT, duties, goods and services tax, or other sales or import taxes or duties arising on the exportation of the goods from Great Britain and the importation of the goods into any country by the Purchaser or their agent. Any phytosanitary certification and documentation required to export lots from the Great Britain are strictly the sole responsibility of the purchaser.
IMPORTANT INFORMATION
ONLINE TIMED MACHINERY AUCTION
THE CARD USED TO REGISTER WITH IBIDDER/BIDSPOTTER IS USED FOR IDENTIFICATION PURPOSES ONLY. IT WILL NOT BE USED FOR PAYMENT PURPOSES.
RESERVES
There is a reserve on the majority of Lots included in the Brown & Co National Online Timed Machinery Auction.
VAT
VAT is payable on all lots unless otherwise stated.
BIDDING
All registrations for the Brown & Co National Online Timed Machinery Auction are provisional and subject to the approval of the auctioneer. Your Highest Bid will be treated as a valid bid even if at the time of placing it the RESERVE is NOT MET. Sellers regularly ask us to reduce the reserves in the closing hours and put items on sale. Remember when placing a bid you are bidding to buy!
Details are provided in good faith. They should not be relied upon as fact and buyers must make their own investigations where measurements, mileages, hours, condition or authenticity are critical. Buyers should make themselves satisfied they are happy with the lot before they bid as viewing is available on all lots by prior appointment, all bids are non-retractable.
Potential buyers who do not inspect lots prior to bidding, do so at their own risk.
The condition and function of an item should be confirmed by the bidder, prior to bidding. As there will be NO Refunds or Allowance given after the closure of the bidding process. Your bid is your commitment to purchase. Not to view or negotiate after the sale. Transgression of these rules will be reported to iBidder/Bidspotter and the bidder will be blocked from taking part in any future sales.
No warranty is offered or implied. Each lot is bought and sold as seen. Viewing is welcome and recommended.
If a bid is placed during the last 3 minutes of a lot’s closing time then the closing time is updated to end approximately 3 minutes from when the bid is placed.
PAYMENT
All payments must be made in GBP.
All items purchased must be paid upon receipt of the invoice sent by the auctioneers and within 5 days of the auction date. If payment is not received within 3 weeks of the auction date the bidder will be blocked.
We will only accept the following payment methods:
- Debit card (subject to the conditions below);
- Personal cheque (clearance of the cheque or bank guarantee required before goods leave, see below);
- Bank/building society guaranteed cheque or draft;
- Sterling draft;
- Bank to bank transfer; and
- Cash payment up to £7500.
In order to comply with the Money Laundering Regulations, we are unable to accept cash payments for the sums in excess of £7500. This includes single payments amounting to this sum or multiple payments totalling £7500.
We are also unable to accept any cash payments paid directly into our bank account.
EXPORT OF GOODS
All goods purchased at Brown & Co auctions that are to be exported or removed from the United Kingdom will:
- Be dealt with under the requirements set out of HM Customs and Excise publications:
a) VAT Notice 703 dated April 2014 as updated 31 December 2020 - Export of goods from the United Kingdom.
https://www.gov.uk/guidance/vat-on-goods-exported-from-the-uk-notice-703
Further Guidance is available here for goods movements between Great Britain and Northern Ireland:
- Be ZERO RATED for VAT purposes subject to the following conditions being met:
a) The goods are removed from Great Britain within three months from the time of supply (the date of auction).
b) Brown & Co are provided with valid commercial documentary evidence that the goods have been removed from Great Britain within three months of the auction date.
Unless and until the above requirements are fulfilled Purchasers will be charged VAT at the Great Britain standard rate (currently 20%). This will only be refunded if all requirements within the regulations are met within the specified time limits. Please note that a VAT refund is in relation to the VAT charged per lot and does not include the VAT on any internet surcharge.
Upon receipt of cleared funds the Purchaser at auction takes ownership of the goods and goods will not leave a vendors premises until this is the case.
The Purchaser or their agent will be responsible for removing the goods from Great Britain and will act as the importer of record and will be responsible for payment of any VAT, duties, goods and services tax, or other sales or import taxes or duties arising on the exportation of the goods from Great Britain and the importation of the goods into any country.
Neither Brown & Co or the Vendor are responsible for any VAT, duties, goods and services tax, or other sales or import taxes or duties arising on the exportation of the goods from Great Britain and the importation of the goods into any country by the Purchaser or their agent.
Further Guidance is available here for goods leaving the United Kingdom:
https://www.gov.uk/check-customs-declaration
INVOICE ALTERATIONS
After the sale day, we are unable to change or amend any invoice(s). This includes changing the VAT status of the purchaser, name and address of the buyer etc. Lots are also unable to be transferred between buyers after the sale day. There will be no exceptions to this rule.
COLLECTION
Items must be collected within two weeks of the Brown & Co National Online Timed Machinery Auction ending. The Auctioneers have the right to re-sell any item not collected after that date.
BUYERS PREMIUM
There is no buyers premium on any lot sold in the auction.
INTERNET SURCHARGE
An internet surcharge of 2% of the hammer price is payable on all lots. This is subject to VAT @ 20%.
VIEWING
Please contact onlineauctions@brown-co.com or call 01603 629871 for Viewings which are available by appointment only.