48. Why are other precious metals such as silver, platinum and palladium not exempt from VAT?
The Member States of the Eurozone have jointly decided that these precious metals are mainly industrial in nature and should therefore be subject to VAT. For silver, industrial demand is about half of the total demand, for platinum and palladium the share is even larger.
Platinum and palladium are not exempt from VAT. Silver coins are subject to a margin scheme
