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.
The Executors of Frederick Davis, Esq. J.P., late of Park Crescent; Sotheby's London, 11 May 1899, lot 122 (£67 to S.J. Phillips)
A Family Settlement; Sotheby's London, 30 April 1996, lot 80