- Investment gold coins are exempt from VAT
- Definition of an investment gold coin includes purity, legal tender status, and price
- List of investment gold coins exempt from VAT provided in section 3
- All gold coins with same denomination, size, and fineness as described are exempt
- Exemption based on normal selling price, not individual coin price
- Finish of coin influences normal selling price
- Two broad classes of investment gold coins: older issues for circulation and newer issues as store of wealth
Source: gov.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United Kingdom"
- HMRC Guidance: How to correct VAT errors and make adjustments or claims (VAT Notice 700/45)
- Supreme Court Decision Mandates Prudential to Pay VAT on £9.3 Million Success Fees
- UK Supreme Court Rules on VAT Grouping and Time of Supply in Prudential Case
- High Court Rules in Favor of Hotelbeds UK on Input Tax Recovery Without VAT Invoices
- HMRC Updates Notice 700/45: Correcting VAT Errors, Claims, and Penalties Guidance Revised
