{"id":2371,"date":"2018-08-20T16:25:51","date_gmt":"2018-08-20T15:25:51","guid":{"rendered":"https:\/\/www.ukbullion.com\/blog\/?p=2371"},"modified":"2019-02-21T12:46:27","modified_gmt":"2019-02-21T12:46:27","slug":"vat-free-silver-how-to-get-yours","status":"publish","type":"post","link":"https:\/\/www.ukbullion.com\/blog\/vat-free-silver-how-to-get-yours\/","title":{"rendered":"VAT Free Silver: How to Get Yours"},"content":{"rendered":"

Silver has something of a troubled relationship with VAT. Whilst gold, it\u2019s better known and more valuable precious metal counterpart, is largely VAT free, silver has never been so lucky. In the vast majority of cases, silver products are subject to the same 20 per cent flat VAT tax rate as the goods you buy at the supermarket. <\/span><\/p>\n

There\u2019s a good chance that the precious metal market would look very different if this barrier wasn\u2019t in place<\/a><\/span>. So why exactly is this such a hindrance to potential silver investors \u2013 and how can they invest in silver without this 20 per cent barrier? <\/span><\/p>\n

VAT, gold and silver: A volatile relationship<\/b><\/span><\/p>\n

It\u2019s not always been the case that silver is subject to VAT and gold exempt. Up until fairly recently, neither were VAT exempt. As commodities, the law has always struggled to accord precious metals the same investment benefits that shares, bonds and other investment types have enjoyed. This has always inhibited the potential success of the market. <\/span><\/p>\n

At the turn of the millennium however, the European Union unilaterally abolished VAT on gold across the entire trading area. They realised that they couldn\u2019t ignore gold\u2019s investment status \u2013 and that the uneven VAT rates for the commodity across the block\u2019s constituent countries made trade difficult and often unfair. <\/span><\/p>\n

The easiest way to establish a standardised EU VAT rate for gold was simply to abolish it altogether. <\/span><\/p>\n

Unfortunately, as a less valuable and less widely traded precious metal, silver never received the attention it deserved, and still remains subject to the tax today.<\/span><\/p>\n

The silver market in a VAT free world<\/b><\/span><\/p>\n

The problem with setting a flat fee on any investment is that the investment itself would have to increase in value by more than the fee you paid in order for the investment to be worth it.<\/span><\/p>\n

That has profound implications on the wider investment market. One wonders how many potential silver trades never happen because the investor isn\u2019t confident it will rise by the 20 per cent necessary to cover their VAT fee. <\/span><\/p>\n

Not only does it mean that fewer people invest in silver \u2013 it also changes the nature of the investments that people do pursue. As it\u2019s unlikely that silver will appreciate by 20 per cent over a short period of time it must become a far longer-term investment. This is contrary to what a silver price chart<\/span><\/a> would lead you to believe. <\/span><\/p>\n

Silver is much more volatile a commodity than its better known precious metal cousin<\/a><\/span>. In an ideal world, this volatility would well suit it to short term trading periods. VAT makes this largely impossible, curbing the tangible potential of this promising precious metal. <\/span>Is VAT free silver possible?<\/b><\/span><\/p>\n

Since VAT is paid on goods and commodities, the 20 per cent tax is only payable if the actual tradable product exchanges hands. <\/span><\/p>\n

Here at UKBullion, we operate a scheme that allows you to own an equivalent value of physical silver, which is held in a protected vault in Dubai. The actual product doesn\u2019t enter the UK, so no tax is payable, and you can begin making profits from the first per cent that the silver ascends in price. <\/span><\/p>\n

The important thing to remember is that the silver belongs to you. You can sell the product at any time and even arrange to have it delivered\u2013 though it would then become subject to VAT. <\/span><\/p>\n

Many other precious metal companies run similar schemes of which the logistics aren\u2019t always as clean as they could be. If they don\u2019t let you know exactly how their VAT free scheme works, you probably shouldn\u2019t risk it. Luckily, our operation is about as squeaky clean as they get \u2013 and we\u2019d be happy to talk you through the whole process in more detail if you\u2019d rather contact us in person<\/span><\/a>. <\/span><\/p>\n

This scheme could be of real value to those interested in the silver market, but unwilling to pay the 20 per cent fee on a silver product purchase. Silver is currently comparatively cheap, and could well soar in value over the coming months \u2013 so many investors are looking at a previously disregarded silver market with a newfound interest. <\/span><\/p>\n

Take a look over our range of VAT Free\u00a0silver coins<\/span> and silver bars<\/span><\/a> right here \u2013 or why not get your hands on the brand new silver Krugerrand<\/span><\/a> \u2013 the first ever of its kind?<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Silver has something of a troubled relationship with VAT. Whilst gold, it\u2019s better known and more valuable precious metal counterpart, is largely VAT free, silver has never been so lucky. In the vast majority of cases, silver products are subject to the same 20 per cent flat VAT tax rate as the goods you buy at the supermarket. There\u2019s a good chance that the precious metal market would look very different if this barrier wasn\u2019t in place. So why exactly is this such a hindrance to potential silver investors \u2013 and how can they invest in silver without this 20 per cent barrier? VAT, gold and silver: A volatile relationship It\u2019s not always been the case that silver is subject to VAT and gold exempt. Up until fairly recently, neither were VAT exempt. As commodities, the law has always struggled..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[274],"tags":[324,65,64,152],"yoast_head":"\nVAT Free Silver: How to Get Yours - UKBullion Blog<\/title>\n<meta name=\"description\" content=\"In the UK and most countries, silver remains subject to VAT. This makes investment in this precious metal difficult and potentially risky.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VAT Free Silver: How to Get Yours - UKBullion Blog\" \/>\n<meta property=\"og:description\" content=\"In the UK and most countries, silver remains subject to VAT. 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