Do I pay VAT on the purchase of precious metals?

Question

Accepted Answer

VAT rules differ per precious metal and per product. Investment gold is exempt from VAT. For silver, platinum and palladium, you pay 21% VAT on bars and new coins.

There are also various ways to buy silver, platinum and palladium more favourably without paying 21% VAT, such as coins from various years and storage abroad.

For a detailed explanation, please see the following questions in the Tax return and VAT category:

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