Jimmock

Enough nonsense for me tonight,need to get some sleep - I'm on earlies at the tax office this week. See you all SOON. 🥸🥸

Pretty sure HMRC have better things to worry about than a few pounds in non VAT on silver on a forum
 
That's the trouble,with the amount of TURNOVER,it isn't just a few pounds anymore.
 

Enough nonsense for me tonight,need to get some sleep - I'm on earlies at the tax office this week. See you all SOON. 🥸🥸

A decent thread and having to agree with @HonestMoneyGoldSilver makes my skin itch.
Let’s just say theoretically there is a seller on Instagram(🤷🏼‍♂️)or elsewhere selling silver and not paying VAT. If HMRC believes he’s lost a few quid, he won’t just come after the seller, he’ll tear into everything with the buyer. You are not innocent until proven guilty, he will tell you what you have to pay (his guess) and you have to prove him wrong(receipts, invoices, bank statements etc) he then might feel he needs to look at what else you’ve bought and sold like Lego or Sports Shoes, Star Wars Pyjamas etc 
You import silver-usually you have to pay through the couriers according to the HS code and documentation. If you’ve been charged accidentally VAT on investment Gold- Tough. You claim it back, they don’t care or want to know. The Seller abroad is NOT responsible for duties and taxes of the country shipped too-you are(T@Cs). Ignorance and pretend naivety is not a defence.
As the stunning and brave Pirate said, the selling of bulk silver has killed the basic collector’s  ability to sell their couple of ounces. The issue then becomes the small profit they’ve made would normally introduce them to fractional gold and climb the investment ladder. Now that progress stops. The selfish, arrogant seller has then killed the forum sales pages to line their criminal pockets.
Bigger picture is important.

Enough nonsense for me tonight,need to get some sleep - I'm on earlies at the tax office this week. See you all SOON. 🥸🥸

Enough nonsense for me tonight,need to get some sleep - I'm on earlies at the tax office this week. See you all SOON. 🥸🥸

Enough nonsense for me tonight,need to get some sleep - I'm on earlies at the tax office this week. See you all SOON. 🥸🥸

Enough nonsense for me tonight,need to get some sleep - I'm on earlies at the tax office this week. See you all SOON. 🥸🥸

I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.

Pretty sure HMRC have better things to worry about than a few pounds in non VAT on silver on a forum
 
That's the trouble,with the amount of TURNOVER,it isn't just a few pounds anymore.
 

Worst case scenario - and I've know idea if this could happen. 😂 HMRC monitoring forum,realise vat not paid on majority of silver now sold on here. Force management to hand over personal details of members who bought this silver - these members as end buyers now become liable for vat and anything else Hmrc want to stick on top. As I said no idea if any of the above is possible. 🤔🤔

Pretty sure HMRC have better things to worry about than a few pounds in non VAT on silver on a forum
 
That's the trouble,with the amount of TURNOVER,it isn't just a few pounds anymore.
 

Take it you pay by B.T. that would give them enough details,in a worse case scenario. 😁

Worst case scenario - and I've know idea if this could happen. 😂 HMRC monitoring forum,realise vat not paid on majority of silver now sold on here. Force management to hand over personal details of members who bought this silver - these members as end buyers now become liable for vat and anything else Hmrc want to stick on top. As I said no idea if any of the above is possible. 🤔🤔

I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.

There's no VAT on gold you muppet. Krugs are the most common modern gold coin and are subject to CGT which makes them less attractive than UK gold, hence they sell for spot
There is 20% VAT on silver. To evade the 20% is VAT fraud and carries serious penalties. Why should sellers who obey the law be punished by those who don't??? sour grapes 😂
I didn't say "immigration" either you twat. I said "MASS MIGRATION". Do you understand the difference between gold and silver, between immigration and mass migration?

I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.

I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.

I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.

I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.

I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.

I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.

I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.

I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.

I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.