BKF has prepared standard agreements for use when collaborating with galleries. You will find the standard agreements here...
To be able to use the advantageous artist VAT, sales through a gallery must take place as an instructional sale. This means, among other things, that the sale takes place on behalf of the artist and that the artist retains ownership of the work until payment to the gallery has taken place.
BKF believes that the profit from using the advantageous artist VAT should accrue to the artist and not the gallery. Therefore, BKF recommends that settlement between artist and gallery takes place on a gross basis.
If, for example, it has been agreed that the sale of works is distributed 50/50 between the artist and the gallery, the calculation looks like this according to the gross principle and the net principle respectively: