Share this content

VAT on supply of Gold

Will standard rate VAT apply on the supply of gold ?

Didn't find your answer?

Hello,

A client of mine, a UK company is invoicing a UK company for the supply gold. My client is VAT registered. Can I confirm VAT will need to be included in the invoice and if yes , if the standard VAT rate of 20 % will apply ?

Many thanksĀ 

Fel

Replies (5)

Please login or register to join the discussion.

avatar
By paul.benny
12th Apr 2021 12:46

Have you tried looking at VAT701/21?

Thanks (0)
Replying to paul.benny:
avatar
By fndeloh
12th Apr 2021 13:41

Thanks Paul, this is very helpful

Thanks (0)
RLI
By lionofludesch
12th Apr 2021 13:12

It depends. You don't give enough information to say.

As Paul says, Notice 701/21 is your friend.

Thanks (0)
Replying to lionofludesch:
avatar
By fndeloh
12th Apr 2021 13:20

Yes it is investment gold and per the guidance it is VAT exempt but there are HMRC reporting responsibilities I will follow through ! Thanks !

Thanks (0)
avatar
By fndeloh
12th Apr 2021 13:19

Yes, it it is very helpful, thanks !

Thanks (0)
Share this content