Coins +VAT

[mark...@digiverse.net]

OK, Say I'm in Britain and looking into the viability of buying
Platinum or Silver Investment Bullion coins which is liable for VAT.
Say I have a VAT registered business.
Questions:

Would it be legal for to claim the VAT back if I bought some?
Would I need to charge VAT if I sell them in the future?
What happens if I de-registered from VAT before selling?

[Arizona Coin Collector]

Hello

I am not sure what you mean by "VAT"?

To me, the word "bullion" refers to uncoined
gold, silver, platinum, and palladium in the
form of bars, ingots, or plate.

Platinum and Palladium bullion can be purchase
on spot market at the links shown below. Kitco
is located in Canada.

(This is a secured web link)
https://online.kitco.com/

..

<mark...@digiverse.net> wrote in message
news:c2967c9f-ed7b-43e2...@g38g2000yqn.googlegroups.com...

[mark...@digiverse.net]

On 27 Nov, 01:39, "Arizona Coin Collector" <nos...@nospam.com> wrote:
> Hello
>
> I am not sure what you mean by "VAT"?

Value Added Tax= "Sales tax" where you are.

In GB gold is exempt from 17.5% (15% soon) VAT but Platinum and Silver
are not.

Bullion coins are more for investing in the metal than for Numismatic
interest:
http://www.atsbullion.com/About-Us-sp-1.html

I think a brit may be in a better position to answer my questions.

[Arizona Coin Collector]

Hello

You might want to try the newsgroup "uk.rec.collecting.coins".
It is also a very active newsgroup.

<mark...@digiverse.net> wrote in message
news:22a9a718-e462-4217...@l39g2000yqn.googlegroups.com...

[mark...@digiverse.net]

On 27 Nov, 05:23, "Arizona Coin Collector" <nos...@nospam.com> wrote:
> Hello
>
> You might want to try the newsgroup "uk.rec.collecting.coins".
> It is also a very active newsgroup.
>

> <markz...@digiverse.net> wrote in message

>
> news:22a9a718-e462-4217...@l39g2000yqn.googlegroups.com...
>
>
>
> > I think a brit may be in a better position to answer my questions.

Great! Many thanks for your help, I'll try there.

[Dik T. Winter]

In article <22a9a718-e462-4217...@l39g2000yqn.googlegroups.com> mark...@digiverse.net writes:
> On 27 Nov, 01:39, "Arizona Coin Collector" <nos...@nospam.com> wrote:
> > Hello
> >
> > I am not sure what you mean by "VAT"?
>
> Value Added Tax= "Sales tax" where you are.

Wrong. VAT is levied on each transaction where goods change hands as a
business. Sales Tax is levied on the end buyer only.
--
dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131
home: bovenover 215, 1025 jn amsterdam, nederland; http://www.cwi.nl/~dik/

[mark...@digiverse.net]

On 27 Nov, 15:43, "Dik T. Winter" <Dik.Win...@cwi.nl> wrote:

> In article <22a9a718-e462-4217-b871-c81d4651e...@l39g2000yqn.googlegroups.com> markz...@digiverse.net writes:
> > On 27 Nov, 01:39, "Arizona Coin Collector" <nos...@nospam.com> wrote:
> > > Hello
> > >
> > > I am not sure what you mean by "VAT"?
> >
> > Value Added Tax= "Sales tax" where you are.
>
> Wrong. VAT is levied on each transaction where goods change hands as a
> business. Sales Tax is levied on the end buyer only.
> --
> dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131
> home: bovenover 215, 1025 jn amsterdam, nederland;http://www.cwi.nl/~dik/

It's claiming VAT back on buying coins as a business in GB that I'm
interested in, I don't know the tax arrangements in other parts of
the world.