No VAT will be charged on the hammer price, but VAT at 15% will be added to the buyer's premium which is invoiced on a VAT inclusive basis.
Royal Academy Pictures, 1912, p. 66.
B. D. Price (ed.), The Registers of Henry Scott Tuke (1858-1929), Falmouth, 1983, no. R700.
London, Royal Academy, 1912, no. 595.