What Is Investment Gold
For the purpose of VAT exemption, "Investment Gold" is defined as per HMRC Notice 701/21:
According to HMRC (as of 10 August 2019)
Investment gold is either:
(a) gold of a purity not less than 995 thousandths that is in the form of a bar, or a wafer, of a weight accepted by the bullion markets
(b) a gold coin minted after 1800 that is:
of a purity of not less than 900 thousandths
or has been, legal tender in its country of origin
of a description of coin that is normally sold at a price that does not exceed 180 per cent of the open market value of the gold contained in the coin
(c) an investment gold coin as specified in Investment gold coins (VAT Notice 701/21A).
As from 1st January 2000, investment gold became exempt throughout the entire EU.
You may wish to view all of our articles on our gold guide