Is There Any VAT On Gold Bullion?
Is There VAT on Bullion?
Why buy gold now?
Currently one of the biggest reasons to choose gold is the fact HMRC currently regard the precious metal as exempt from VAT.
Buy Gold VAT Free!
VAT Notice 201/21A informs us that as of 1st January 2000, there is no value added tax payable on investment gold. This includes gold sovereigns, Krugerrands, other bullion gold coins, and certain types of gold bars. This does include most gold coins which are normally sold at under 80% premium over their intrinsic metal value. This includes almost all modern gold coins, including all gold sovereigns and proof sovereigns. Click here to be taken to our product page where we have handpicked our best value tax free gold products.
Here is a range of our top products that are exempt from VAT on gold.
Silver is Taxable at 20%
Silver, on the other hand, is still subject to a 20% rate of VAT unless you buy on the special scheme. You can learn more about the special scheme by clicking here.
It is hardly surprising, given how confusing HMRC's guidance can be, that many investors simply assume that silver, platinum and palladium are also VAT free. We try our best to educate where possible and answer any question you have either via live chat, email or on the telephone.
VAT Free Silver
We sell VAT free silver which is bought outside of the EU for storage only, you will end up paying VAT if you have it delivered. Please read our blog on why buying physical bullion is our preferred means of ownership
You may wish to view all of our articles on our gold guide
Read more about capital gains tax on our blog here