VAT Public Clarification – VATP029
Gold jewellers generally receive a consideration for the supply of gold jewellery to cover the price of the gold as well as for a making charge.
In some instances, taxable persons supplying gold jewellery reflect the gold price and making charge separately on the tax invoice issued for the supply, and in other cases both are reflected as a total price.
This Public Clarification provides guidance on the application of the VAT legislation with regards to making charges received by gold jewellers.
Source FTA
