1.0UKBullion Bloghttps://www.ukbullion.com/blogrich600338<blockquote class="wp-embedded-content" data-secret="w1fbjfdZHC"><a href="https://www.ukbullion.com/blog/do-i-pay-vat-on-gold-and-silver-bullion/">Do I pay VAT on Gold and Silver Bullion?</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.ukbullion.com/blog/do-i-pay-vat-on-gold-and-silver-bullion/embed/#?secret=w1fbjfdZHC" width="600" height="338" title="“Do I pay VAT on Gold and Silver Bullion?” — UKBullion Blog" data-secret="w1fbjfdZHC" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,o=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},c.wp.receiveEmbedMessage);else if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(!t);else if(!(t.secret||t.message||t.value));else if(/[^a-zA-Z0-9]/.test(t.secret));else{for(var r,s,a,i=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=new RegExp("^https?:$","i"),l=0;l<n.length;l++)n[l].style.display="none";for(l=0;l<i.length;l++)if(r=i[l],e.source!==r.contentWindow);else{if(r.removeAttribute("style"),"height"===t.message){if(1e3<(s=parseInt(t.value,10)))s=1e3;else if(~~s<200)s=200;r.height=s}if("link"===t.message)if(s=d.createElement("a"),a=d.createElement("a"),s.href=r.getAttribute("src"),a.href=t.value,!o.test(a.protocol));else if(a.host===s.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(o);else{o=!0;for(var e,t,r,s=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),n=0;n<i.length;n++){if(!(r=(t=i[n]).getAttribute("data-secret")))r=Math.random().toString(36).substr(2,10),t.src+="#?secret="+r,t.setAttribute("data-secret",r);if(s||a)(e=t.cloneNode(!0)).removeAttribute("security"),t.parentNode.replaceChild(e,t);t.contentWindow.postMessage({message:"ready",secret:r},"*")}}}}(window,document); </script> https://www.ukbullion.com/blog/wp-content/uploads/2022/09/is-vat-payable-on-gold-and_silver.jpg600332We often come across first-time precious metals investors who are unsure whether gold and silver purchases are taxed. In this article, we will answer the frequently asked question; “Do I pay VAT on gold and silver bullion?”. It’s a reasonable question because as we will explore below, the type of tax you will be subject to when purchasing precious metals is dependent on a number of factors, including when the metal was minted and its purity. When is VAT applied to gold metal sales? Value Added Tax (VAT), is a tax imposed on the price of a product or service. It can be added at the point of production, distribution or sale to a consumer. VAT is currently rated at 20% in the UK. However, the good news is that it is not applied to gold investments that meet the..