1.0UKBullion Bloghttps://www.ukbullion.com/blogrich600338<blockquote class="wp-embedded-content" data-secret="QPAMexflfy"><a href="https://www.ukbullion.com/blog/gold-exempt-vat/">Why is gold exempt from VAT?</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.ukbullion.com/blog/gold-exempt-vat/embed/#?secret=QPAMexflfy" width="600" height="338" title="“Why is gold exempt from VAT?” — UKBullion Blog" data-secret="QPAMexflfy" 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> When goods and services are traded in the UK, they’re usually subject to a standard VAT rate. Value added tax rates are currently 20%, with certain items, such as home energy, offered at a reduced rate of 5%. However, some are completely exempt from any VAT, including gold. This hasn’t always been the case; prior to the 1st of January 2000, gold was taxed at the standard rate. In the European Union, VAT treatment of gold has varied widely in the past and resulted in quite a distortion of competition. For a few years the UK was placed at a disadvantage as many other Member States made their gold trade exempt from tax, or placed it at a very low rate. Due to this, the EU introduced one singular system for the treatment of gold in terms of VAT. This..