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https://theaccountancysolutions.com/services/tax-services/value-added-tax/vat-on-special-trades/vat-on-jewellers/
The purchase and resale of jewellery and precious materials in the UK can involve several complicated and time-consuming VAT conditions. Despite many pieces of jewellery and precious metal purchases being the transfer of second-hand goods, neither falls under the eligibility for margin schemes. This includes the purchase of gold and investment ...Estimated Reading Time: 6 mins
https://www.gov.uk/hmrc-internal-manuals/vat-gold-manual/vgold1400
These obligations were introduced with the exemption for investment gold because countries like the UK already had an established fraud problem where tax free gold was purchased in other Member...
https://www.gold.co.uk/info/vat/
Jul 28, 2021 · When investing in bullion it is important to consider the VAT implications of your purchase. Currently, investment gold is exempt from VAT, this includes all gold bullion bars and coins purchases in the UK and EU. Conversely, silver bullion is subject to VAT, presently at 20% in the UK.
https://www.bullionbypost.co.uk/info/how-to-buy-gold/vat-on-silver-gold/
The exception to the rule is gold bullion, which is VAT free - both in the UK and the wider European Union. This means all of our gold bars and gold coins do not have any additional VAT charge on them. This was applied in UK law specifically, so will not revert once Brexit is finalised.
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