Is There Any VAT On Gold Bullion?
VAT on many goods is 20%, so it is important to take this in to account to be able to maximise the gains from your investment portfolio.
Do I Pay Tax on Gold?
Currently one of the biggest reasons to choose gold is the fact HMRC currently regard the precious metal as VAT exempt, therefore you do not pay tax on the precious metal.
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 keep our customers in the know. So, we are available to answer any question you have either via live chat, email or on the telephone.
VAT Free Silver
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We are not financial advisers and we would always recommend that you consult with one prior to making any investment decision.