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Payment Information

Settlement terms may differ dependant on the type of sale and purchasers are urged to refer to the Notices and Schedules attaching to a particular sale.

All invoices will be settled in full before removal is permitted. Any delay in settlement will in turn delay release of your purchases.

Every effort is made to conclude matters, issue of invoice, settlement and release of purchases, on behalf of our clients at the earliest opportunity.

Buyers Premium

Purchasers will pay a buyers premium of a % on the hammer price plus VAT or the price tendered or offered according to the sale type. You should refer to the Schedule and Notices attaching to a particular sale for full details. The premium is not negotiable and will be charged to all purchasers. The proceeds are passed to our client(s) and utilised to defer the costs of setting up the sale. N.B. Webcast purchasers will be subject to an additional premium, typically 2% plus VAT on the standard premium.

VAT will not be refunded under any circumstances on the buyers premium. Purchasers are urged to visit the particular auction site where details of the applicable buyers premium will be posted.

Invoices

Dispatched by e-mail and or facsimile within 24 hours of the auction, tender or private treaty sale completing for settlement under the terms applicable to a particular auction, tender or private treaty sale.

All settlements will be in £sterling (GBP) by way of the following methods:-
Telegraphic Transfer
Bankers Draft
Debit Cards
Cheque
Cash

Telegraphic Transfer

Bank transfer (Chaps, Swift etc) direct to:-
Bank: NatWest Bank
Branch: Watford Town Centre
Sort Code: 60-00-08
Account: Wyles Hardy & Co Clients
Account Number: 48914576

(To aid identification of your payment please ensure that the remitting Bank include your paddle number, invoice number and any other reference as shown in the notice/schedules to a particular sale)

Debit Cards

Wyles Hardy & Co Ltd accept the following debit cards: Switch, Delta, Electron and Connect. Please note that Debit Card transactions will only be accepted with the card holder present, in person and with a second form of ID. Buyers intending to use this payment method must ensure that they hold sufficient cleared funds in their account to meet their expenditure. Payment in full by debit card will allow Buyers to clear their purchases immediately following the purchase (including motor vehicles).

Cheques

Will only be accepted if accompanied a "guarantee statement" produced on bank letterhead paper. A sample of the required text appears at the rear of the auction catalogue. This must be completed and signed by your bank. Without a completed "guarantee statement" we will require seven working days for clearance of the cheque before releasing any purchases.

Cash

Cash transactions are limited to £500.00 only without exception.

VAT Refunds

Under no circumstances will VAT be refunded on the buyers premium.
All lots are sold exclusive of VAT. which will be added to the purchasers sale accounts at the prevailing rate.

Non E.C. Purchasers:

VAT will be levied on all purchasers at the prevailing rate. Upon receipt of a copy of the Bill of Lading detailing the purchasers, a full description of the goods purchased/exported (a simple description of "box/crate" is deemed insufficient) and confirming their export outside the E.C., the VAT will be refunded. VAT will not be refunded on the buyers premium, nor where the Bill of Lading is not received within 30 days of the date of purchase. If outside the 30 day timescale purchasers will need to liaise direct with HM Customs & Excise

E.C. Purchasers:

For interstate transfer within the E.C., VAT will be charged. Upon receipt of documentary evidence giving conclusive proof that the interstate transfer has taken place, the purchaser at the time of registration advised that purchases would be the subject of an interstate transfer and ensured that their local VAT registration details would be recorded on the invoice, the VAT will be refunded. VAT will not be refunded on the buyers premium, nor where the documentary evidence of the interstate transfer taking place is not received within 30 days of the date of purchase. If outside the 30 day timescale purchasers will need to liaise direct with HM Customs & Excise.

A handling charge of 10% or £50 sterling (GBP) plus VAT will be levied on all such refunds.

OUR CLIENTS INCLUDE

Grant Thornton UK Llp

Purpose: Liquidation
Task: Valuation, Marketing and Realisation
Sector: Financial Services
Location: UK London

Read full case study
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