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ANF News

LAPADA Advice and Support

 

LAPADA logo 200

LAPADA

Advice and Support

 

Dear all,

With the latest updates from Boris delaying complete freedom by four weeks (19th July) we thought it would be helpful to provide you with a summary of what you can do, with how many people you can socialise and what the next steps will be in the coming weeks.

It is great to see many of the regional fairs return and we hope to see some returning to London too! We wish particular luck to all of our members exhibiting at Petworth this weekend. We are, of course, especially excited for the inaugural LAPADA Pavillion at The Game Fair from the 23rd-25th July.

As life begins to settle down and we start the tentative move towards normality we would love to hear what you feel the greatest challenges facing the industry currently are and how you're adapting to new legislation - how do you bring goods into the UK and what do you anticipate being the most difficult steps to take will be? Do let us know by emailing us at ftremaine@lapada.org.

Many of you will have registered with HMRC as Art Market Participants in the last couple of weeks. For those of you who haven't and would like more information, we have included below a rundown of who currently qualifies, key resources and how to negotiate the changes.

As always, we are available in the office on 02078233511 for any queries and if you would just like a chat!

With best wishes,

Freya and your LAPADA team

 




The Revised Roadmap

As you will have been aware, the June 21st unlocking date has been becoming ever more unlikely and tonight Boris used his press conference to push this date back to the 19th of July.

With this in mind we have listed below how this has affected governmental support throughout the summer and as we move towards the end of 2021.

Furlough

The furlough scheme will end at the end of September 2021. This will continue to support jobs throughout the summer however the onus is gradually being placed back on to businesses to contribute. From July this will be 10% which will rise to 20% for August and September.

If you are Self-Employed...

If you are self-employed then you may well be eligible for the Self-Employment Income Support Scheme (SEISS). The 5th grant will cover May-September 2021 and will be determined by turnover. Those whose turnover has fallen by 30% or more will receive the full grant worth 80% of 3 months' average trading profits. People whose turnover has fallen by less than 30% will receive a 30% grant, capped at £2,850. This can be claimed from late July.

If you are the owner of a Limited Company...

Unfortunately, if you are owner of a limited company for which you work, you aren't eligible for SEISS. You may eligible for Job Retention Scheme however this scheme can only be used if you are also furloughed. Directors are allowed to do statuatory admin work while furloughed but unable to participate in revenue raising measures.

If you own a premises...

The business rates holiday will end at the end of June 2021. After this point, the businesses rates will remain discounted to 1/3 of their previous cost until the end of 2021.

Loans

Recovery Loan Scheme - This scheme is replacing the CBILS starting from the 6th April until the 31st December 2021 and once again you need to be able to show that your business would have been viable were it not for the pandemic, has been adversely affected by coronavirus and additionally is not in collective insolvency proceedings.

 


 

Events - What can go ahead?

As you may well be aware, weddings and wake have been given special dispensation to include more than 30 people as long as social distancing is observed.

Holidays

For those of you longing to leave England's green and pleasant land, the government is providing a comprehensive list of countries that you can visit.

 


 

When should I register for Anti-Money Laundering?

The deadline for Art Market Participants to register with HMRC passed on the 10th July but what if after this date you start dealing in items which fall under the 5th Anti-Money Laundering Directive?

The short answer is that you should register as soon as you meet the criteria i.e. as soon as you decide to sell a ''work of art' that is valued at more than €10,000 or £8,600.

There is the chance that this definition will be expanded to include other sectors of the art and antiques trade. We will keep you u[dated if and when this takes place.

 

What is a 'work of art'?

The definition of a 'work of art' is taken from the 1994 Value Added Tax Act

Part 6 of Section 21 defines this to be:

1. Any mounted or unmounted painting, drawing collage, decorative plaque or similar picture executed by hand.

2. Any original engraving, lithograph or print produced from one or more plates executed by hand without mechanical or photomechanical process and is the only example or part of a limited edition

3. Any original sculpture or statuary

4. Any sculpture cast produced by or under the supervision of the individual who made the mould or entitled to it by succession on the death of that individual and is the only example or part of a limited edition

a. For sculpture limited edition is defined as ‘the number produced from the mould does not exceed eight’ or is a limited edition of nine or more casts made before 1st January 1989

5. Any tapestry or other hanging made by hand from the original design and are the only example or part of a limited edition

a. For tapestries and hangings a limited edition is defined as not exceeding eight

6. Any ceramic executed by an individual and signed by him

7. Any enamel on copper which was made by hand, is signed either by the person who executed it or on behalf of the studio where it was executed and is the only example or part of a limited edition

a. This does not apply to jewellery or articles produced by goldsmiths and silversmiths

b. For enamel on copper the edition is limited to eight and each of the enamels is numbered and signed

8. Any mounted or unmounted photograph which was printed under supervision of the photographer, is signed by him and is either the only example or part of a limited edition

a. For photographs, a limited edition is defined as no more than thirty and each of the prints is numbers and is signed


The exceptions to this rule are:

1. Any technical drawing, map or plan

2. Any picture comprised in a manufactured article that has bee hand-decorated

3. Anything in the nature of scenery e.g. a backcloth

4. Artists - persons who create original art


Key resources


There are a large number of resources available to you as well as the office team to support you through this new legislation.

In association with SLAD and BAMF, LAPADA have put together an AML Toolkit which is available here.

As many of you will know, we have run two webinars with ArtAML over the past few months. These can be accessed here and here. These are designed to be informative and helpful but should not be counted as AML training.

It is a legal requirement for all Art Market Participants (AMPs) to undergo training in this area. FCS Compliance run training sessions which take place over 4 hours training split over 2 days. You can register for the next upcoming training here:

Date: 26th and 27th July (9:30am – 11.30am each day) https://www.eventbrite.co.uk/e/anti-money-laundering-compliance-training-for-the-art-sector-tickets-145083319113?aff=LAPADA

 


 

Government Webinars

Recorded webinars are available to help businesses:
* making your premises COVID-secure: shops; other people's homes
* for topics that cover support from HMRC
* for small businesses and changes to reporting, regulation and tax

Links to the same pages are also available here, in a format which you may find easier to navigate, and with registration links to any new webinars as they arise included.

 


 

LAPADA Webinars

Recordings of previous webinars are available below:

* The PR Power Hour: Top Tips for Communicating in Challenging Times
* Writing and Designing Compelling Newsletters
* Instagram
* Facebook
* YouTube and Pinterest
* Twitter, LinkedIn
* SEO, and Quora and Medium
* Tips for Photographing your Stock
* HR advice for employers affected by COVID-19
* AML compliance for the art market

 



LAPADA Leaders

Raising the profile of our Association and providing inspiration for members from other players in our industry, the series has seen Freya Simms in conversation with captains of culture. Links to the recordings are available below:

* Tristram Hunt, Director, V&A discusses how the crisis can revolutionise and democratise cultural experiences and what cultural organisations can learn from the pandemic lockdown. Tristram talks about the role of public arts and culture in the post-coronavirus age as well as his future plans for the V&A.

* Design icons Kelly Hoppen and Katharine Pooley discuss the impact of the crisis on design trends and how it will affect the way we live and experience our homes.

* Former NPG Director and National Trust trustee, Sandy Nairne and The Foundling Museum’s Caro Howell discuss the practicalities for museums as they look to reopen and what creative strategies will be employed to engage new audiences.

* Goodwood House Curator James Peill and Head of Collections for Buccleuch Estates Scott Macdonald discuss country house curation and how in a world crisis the buildings and their collections are a monument to permanency.

Jacqueline Duncan OBE, Country Life Editor Giles Kime and co-founders of Tollgard Design Group, Staffan and Monique Tollgard to celebrate 60 years of the Inchbald School of Design. They discuss the legacy of the school, the evolution of the interior design profession globally over the past half century and their predictions for the future of interior design in a post-Covid world.

LAPADA Member Philip Mould and William Cash discuss the restoration of their historic homes.



News & Fairs Previews

LAPADA Advice and Support

 

LAPADA logo 200

LAPADA

Advice and Support

 

Dear all,

With the latest updates from Boris delaying complete freedom by four weeks (19th July) we thought it would be helpful to provide you with a summary of what you can do, with how many people you can socialise and what the next steps will be in the coming weeks.

It is great to see many of the regional fairs return and we hope to see some returning to London too! We wish particular luck to all of our members exhibiting at Petworth this weekend. We are, of course, especially excited for the inaugural LAPADA Pavillion at The Game Fair from the 23rd-25th July.

As life begins to settle down and we start the tentative move towards normality we would love to hear what you feel the greatest challenges facing the industry currently are and how you're adapting to new legislation - how do you bring goods into the UK and what do you anticipate being the most difficult steps to take will be? Do let us know by emailing us at ftremaine@lapada.org.

Many of you will have registered with HMRC as Art Market Participants in the last couple of weeks. For those of you who haven't and would like more information, we have included below a rundown of who currently qualifies, key resources and how to negotiate the changes.

As always, we are available in the office on 02078233511 for any queries and if you would just like a chat!

With best wishes,

Freya and your LAPADA team

 




The Revised Roadmap

As you will have been aware, the June 21st unlocking date has been becoming ever more unlikely and tonight Boris used his press conference to push this date back to the 19th of July.

With this in mind we have listed below how this has affected governmental support throughout the summer and as we move towards the end of 2021.

Furlough

The furlough scheme will end at the end of September 2021. This will continue to support jobs throughout the summer however the onus is gradually being placed back on to businesses to contribute. From July this will be 10% which will rise to 20% for August and September.

If you are Self-Employed...

If you are self-employed then you may well be eligible for the Self-Employment Income Support Scheme (SEISS). The 5th grant will cover May-September 2021 and will be determined by turnover. Those whose turnover has fallen by 30% or more will receive the full grant worth 80% of 3 months' average trading profits. People whose turnover has fallen by less than 30% will receive a 30% grant, capped at £2,850. This can be claimed from late July.

If you are the owner of a Limited Company...

Unfortunately, if you are owner of a limited company for which you work, you aren't eligible for SEISS. You may eligible for Job Retention Scheme however this scheme can only be used if you are also furloughed. Directors are allowed to do statuatory admin work while furloughed but unable to participate in revenue raising measures.

If you own a premises...

The business rates holiday will end at the end of June 2021. After this point, the businesses rates will remain discounted to 1/3 of their previous cost until the end of 2021.

Loans

Recovery Loan Scheme - This scheme is replacing the CBILS starting from the 6th April until the 31st December 2021 and once again you need to be able to show that your business would have been viable were it not for the pandemic, has been adversely affected by coronavirus and additionally is not in collective insolvency proceedings.

 


 

Events - What can go ahead?

As you may well be aware, weddings and wake have been given special dispensation to include more than 30 people as long as social distancing is observed.

Holidays

For those of you longing to leave England's green and pleasant land, the government is providing a comprehensive list of countries that you can visit.

 


 

When should I register for Anti-Money Laundering?

The deadline for Art Market Participants to register with HMRC passed on the 10th July but what if after this date you start dealing in items which fall under the 5th Anti-Money Laundering Directive?

The short answer is that you should register as soon as you meet the criteria i.e. as soon as you decide to sell a ''work of art' that is valued at more than €10,000 or £8,600.

There is the chance that this definition will be expanded to include other sectors of the art and antiques trade. We will keep you u[dated if and when this takes place.

 

What is a 'work of art'?

The definition of a 'work of art' is taken from the 1994 Value Added Tax Act

Part 6 of Section 21 defines this to be:

1. Any mounted or unmounted painting, drawing collage, decorative plaque or similar picture executed by hand.

2. Any original engraving, lithograph or print produced from one or more plates executed by hand without mechanical or photomechanical process and is the only example or part of a limited edition

3. Any original sculpture or statuary

4. Any sculpture cast produced by or under the supervision of the individual who made the mould or entitled to it by succession on the death of that individual and is the only example or part of a limited edition

a. For sculpture limited edition is defined as ‘the number produced from the mould does not exceed eight’ or is a limited edition of nine or more casts made before 1st January 1989

5. Any tapestry or other hanging made by hand from the original design and are the only example or part of a limited edition

a. For tapestries and hangings a limited edition is defined as not exceeding eight

6. Any ceramic executed by an individual and signed by him

7. Any enamel on copper which was made by hand, is signed either by the person who executed it or on behalf of the studio where it was executed and is the only example or part of a limited edition

a. This does not apply to jewellery or articles produced by goldsmiths and silversmiths

b. For enamel on copper the edition is limited to eight and each of the enamels is numbered and signed

8. Any mounted or unmounted photograph which was printed under supervision of the photographer, is signed by him and is either the only example or part of a limited edition

a. For photographs, a limited edition is defined as no more than thirty and each of the prints is numbers and is signed


The exceptions to this rule are:

1. Any technical drawing, map or plan

2. Any picture comprised in a manufactured article that has bee hand-decorated

3. Anything in the nature of scenery e.g. a backcloth

4. Artists - persons who create original art


Key resources


There are a large number of resources available to you as well as the office team to support you through this new legislation.

In association with SLAD and BAMF, LAPADA have put together an AML Toolkit which is available here.

As many of you will know, we have run two webinars with ArtAML over the past few months. These can be accessed here and here. These are designed to be informative and helpful but should not be counted as AML training.

It is a legal requirement for all Art Market Participants (AMPs) to undergo training in this area. FCS Compliance run training sessions which take place over 4 hours training split over 2 days. You can register for the next upcoming training here:

Date: 26th and 27th July (9:30am – 11.30am each day) https://www.eventbrite.co.uk/e/anti-money-laundering-compliance-training-for-the-art-sector-tickets-145083319113?aff=LAPADA

 


 

Government Webinars

Recorded webinars are available to help businesses:
* making your premises COVID-secure: shops; other people's homes
* for topics that cover support from HMRC
* for small businesses and changes to reporting, regulation and tax

Links to the same pages are also available here, in a format which you may find easier to navigate, and with registration links to any new webinars as they arise included.

 


 

LAPADA Webinars

Recordings of previous webinars are available below:

* The PR Power Hour: Top Tips for Communicating in Challenging Times
* Writing and Designing Compelling Newsletters
* Instagram
* Facebook
* YouTube and Pinterest
* Twitter, LinkedIn
* SEO, and Quora and Medium
* Tips for Photographing your Stock
* HR advice for employers affected by COVID-19
* AML compliance for the art market

 



LAPADA Leaders

Raising the profile of our Association and providing inspiration for members from other players in our industry, the series has seen Freya Simms in conversation with captains of culture. Links to the recordings are available below:

* Tristram Hunt, Director, V&A discusses how the crisis can revolutionise and democratise cultural experiences and what cultural organisations can learn from the pandemic lockdown. Tristram talks about the role of public arts and culture in the post-coronavirus age as well as his future plans for the V&A.

* Design icons Kelly Hoppen and Katharine Pooley discuss the impact of the crisis on design trends and how it will affect the way we live and experience our homes.

* Former NPG Director and National Trust trustee, Sandy Nairne and The Foundling Museum’s Caro Howell discuss the practicalities for museums as they look to reopen and what creative strategies will be employed to engage new audiences.

* Goodwood House Curator James Peill and Head of Collections for Buccleuch Estates Scott Macdonald discuss country house curation and how in a world crisis the buildings and their collections are a monument to permanency.

Jacqueline Duncan OBE, Country Life Editor Giles Kime and co-founders of Tollgard Design Group, Staffan and Monique Tollgard to celebrate 60 years of the Inchbald School of Design. They discuss the legacy of the school, the evolution of the interior design profession globally over the past half century and their predictions for the future of interior design in a post-Covid world.

LAPADA Member Philip Mould and William Cash discuss the restoration of their historic homes.