UK Bullion Deals

[victor kruger]

(03-06-2012 10:03 AM)Needabiggerstack Wrote:  

(03-06-2012 09:14 AM)victor kruger Wrote:  If you purchase silver coinage in Europe you pay 7% VAT not 20.... now heres the trick. If you pay the 7% tax in the country you purchase in you wont have to pay the VAT again bringing it into the UK. There are rules and regulations about taking delivery and location but if you do take delivery in another EU country and pay your tax you cant be charged again after in the UK when you bring it home. I have checked this personally with HM customs & excise and regularly purchase in Europe simply to save myself 13% tax. There is nothing illegal about it the UK is an EU member and you cannot be charged VAT twice in the EU in different member countries.

This is only true to an extent. If like CoinInvestdirect you do more than £70k in business in a year, then they have to charge the full 20% VAT if they ship to the UK. The trick as I mentioned before is to find smalltime retailers in Europe who will do nowhere near that amount of business so you only have to pay the VAT rate of their country.

Wanna bet ?

Unlimited amounts of silver coins at 7% VAT subject to collection in Germany
and i quote...
CoinInvestDirect.com is now offering its international customers within the EC the opportunity to collect orders in Germany. Silver coins can then be purchased at the German VAT rate of 7%!

As a mail order business we are subject to Article 34 of the EC-guideline 2006/112/EC and the therein established quotas which limit the international sales of VAT-liable goods. This guideline is, however, only applicable when we ship the goods to our clients. The quotas do therefore not apply when the goods are being collected or if the buyer instructs a courier service with the collection in Germany and the shipping. With this in mind we are offering the following options:

i suggest you read their site and the pick up in Germany option fully.

I have never paid more than the 7% and i assure you ive had various conversations about this subject, the above is correct and current.