Do I Pay VAT On Silver?

Author: Lawrence Chard - Chairman and CEO

Published: 9 May 2018

Last Updated: 15 Mar 2021

Do I Pay VAT On Silver?

Yes, if you are buying silver in the UK, you will pay the standard rate of VAT on investment silver bullion. This is currently set at 20%.

What Is VAT Free Silver?

Silver VAT Free

Silver free of VAT can only be delivered or stored outside of the UK. For this reason you will only find this option available for storage on our website. If you are uninterested in physically holding your silver bullion then this is a good option for you as you can immediately save 20% on the price of a new silver bar. Our preferred method is to own physical bullion and we would encourage others to do the same but if you intend to buy a lot of silver you may find you need significant domestic storage facilities. 

Tax Free Silver

The majority of silver bars and silver coins attract VAT in the UK if you opt for physical delivery. Silver Britannias, silver British lunar and silver Queen’s Beasts, are British legal tender pound sterling coins and are exempt from capital gains tax (CGT).

Further Reading

You may wish to view all of our articles on our silver guide.

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