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juansanto7

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Posts posted by juansanto7

  1. On 20/07/2021 at 17:16, BackyardBullion said:

    The good news is that the person that won the auction last time evidently didn't pay up and/or was a forum member stepping in to save the day.

    Report this item please as well.

    Or maybe he has several fakes, and keeps relisting them?

  2. On 10/03/2021 at 20:37, silversky said:

    This isn't what we voted for.

    We voted to come out of the EU, and as as we are no longer part of the EU, we have to pay VAT (and handling fees to the courier, RM) for goods imported from the EU to HMRC. And yes, we voted for this. It comes with the territory. Otherwise if we would have still been part of the EU, this thread would simply not exist.

  3. On 18/05/2020 at 08:05, ilovesilverireallydo said:

    Got some grain last week was busy playing with it. That’s one maple that won milk spot 😂 

    7D74D864-B29D-4006-9F5C-8F30691781B4.jpeg

    7313EC66-F4D0-447E-A9F7-0D2DB8CC5FE4.jpeg

    A97BB43B-1E66-4EFE-A00F-807469BBEF3E.jpeg

    4FC6FED4-2782-4658-9CF3-918B6D89C54A.jpeg

    1ED077B3-C379-45F8-B0A4-2B876FBD9468.jpeg

    FEA2B838-1290-40C8-872A-B9B69C50110D.jpeg

    5034EAC0-1E4E-44D2-BEF0-63011643FAB4.jpeg

    These are cool bottles. Can you buy them separately? and how big are they (compared with a pound coin? How much silver grain can you get in the face bottles or Canada leaf? Are these 100ml, 150ml?

    Thanks. Regards. Juan

  4. 1 hour ago, sixgun said:

    Purchase tax[edit]

    Between October 1940 and 1973 the UK had a consumption tax called Purchase Tax, which was levied at different rates depending on goods' luxuriousness. Purchase Tax was applied to the wholesale price, initially at a rate of 33⅓ %. This was doubled in April 1942 to 66⅔ %, and further increased in April 1943 to a rate of 100%, before reverting in April 1946 to 33⅓ % again. Unlike VAT, Purchase Tax was applied at the point of manufacture and distribution, not at the point of sale. The rate of Purchase Tax at the start of 1973, when it gave way to VAT, was 25%. On 1 January 1973 the UK joined the European Economic Community and as a consequence Purchase Tax was replaced by Value Added Tax on 1 April 1973. The Conservative Chancellor Lord Barber set a single VAT rate (10%) on most goods and services.

     

    The Purchase tax rate looks high at 25% compared with 10% VAT in the early 1973's.
    The difference is Purchase tax was levied 'at the point of manufacture and distribution, not the point of sale'.

    So if goods came out of the factory at £100 and are sold in the shop for £250 - it happens all the time. Purchase tax is £25 (25% of the factory gate price). Total price £275.

    In the era of VAT the same goods appear in the shop at £250 - The VAT is £25. Total price £275.

    Some goods would have cost more at the point of sale, some less. Depends on the mar kup between the wholesale and retail point.

    I do understand that the Purchase Tax is at wholesale price (the price the manufacturer sells to the retailers) and not at retail selling prices, however 33%-100% on top of the sale price, depending on product, can amount to substantially more that 20% VAT. My point however is that a tax is still to be paid, call it VAT, Purchase Tax, IVA, Mehrwertsteuer, etc. Tax is not something that the EEC/EU invented. Tax is older than the EEC/EU and definitely much older that any of us reading this post. Tax was already around when empires had their colonies.

  5. On 24/12/2020 at 21:43, SilverHoarder said:

    Might be slightly off topic but now that we will be free of EU regulations, maybe it's time we lobbied the UK Govt. to remove the absurd VAT element on sales of silver bullion?

    Just wonder how we managed to buy VAT free silver in Estonia and "Differenzbesteuerung nach 25a Ustg" silver in Germany (hence the reason Germans invented the coinbars around 2014 I think due to some changes in tax regulations). After all it may IMO have (some but) little to do with EU regulations as EU Regulations are there to circumvent and Estonians and Germans did find some way. If anybody thinks that UK Government will remove "the absurd VAT element (absurd for who?) on sales of silver bullion" then I think (again IMO) we are wasting out time. Taxes (call it VAT, Purchase Tax, etc) are a very good source of income for a Government and have been collected in England (and the rest of the world) for centuries before the EEC and will be collected for centuries after the EU. If the UK Government wanted to scrap VAT on silver it they would have done it long time ago like in Estonia while we were in the EU regardless of EU regulations. But as a country we are free to do it now as we have liberated ourselves of the shackles of EU Regulations. We may as well lobby for VAT/Purchase Tax free, customs tax/import tax free, "everything free" silver from the USA now that there are no more EU Regulations to follow.  If it does not happen anytime soon we may have to find an good excuse of the reasons why these things are not happening.

  6. On 25/12/2020 at 16:26, sixgun said:

    VAT is an EU tax. There was no VAT in the UK before it joined the Common Market. Gold is VAT free b/c of an EU directive. 

    The UK is free to do whatever it likes b/c VAT will no longer exist. and we go ought to go back to Purchase Tax. i expect everything will stay much the same as far as rates go, at least for the near future. There are too many things in motion to start fiddling and make the situation even more confusing.

    The rates will likely stay the same. Tariffs are not VAT. So tariff free trading with the EU makes no difference. This is VAT/Purchase tax levied at the border. The low VAT and VAT free rates all relied on various dodges applied by dealers in the EU which they managed to get away with. None of this will apply now the UK has actually left the EU. That will mean normal 'VAT' is applied to silver in the UK. So 20% VAT. It will only be some sort of dodge and inventiveness that will enable low VAT silver to be available again. That or a bit of smuggling.

    Well I just googled it and apparently the Purchase Tax between 1940 and 1973 was 33% (of wholesale price) initially and then went up to 66% and even 100% before going back to 33%. Well, I am scared now. Imagine the UK scrapping (EU) VAT at 20% and reverting back to (UK) Purchase Tax (of wholesale prices) between 33% and 100%.

  7. On 14/10/2020 at 23:14, StackemHigh said:

    Unfortunately or rather fortunately  I've decided to stop torturing myself and give up on this series! I did have high expectations for this series. But i feel  it's went straight down hill.

    If you want to dispose of them, I will do it environmentally friendly. 🤣🤣

  8. On 24/09/2020 at 12:37, Kman said:

    If you can produce some charts to show me there's currently inflation then I'd be very interested to take a look?

    I think inflation is happening in the supermarkets but in disguise. Some of the products I normally have increased the price by around .£0.20 (one french product actually went up by £0.50 in increments of £0.25 in the last 6 months). Other products, price remained the same, packaging became bigger but product inside is around 10%-12.5% less weight. The government for example uses certain items and services to check the inflation but leaves out things like rents out. For example rents in my area have gone from £900 to £1300 for a 2 bedroom house in 4 years. Price of a similar property went from £200K to £300K in the same 4 years period. Is that is not inflation?

    I think it is explained below

    https://www.ons.gov.uk/economy/inflationandpriceindices/articles/ukconsumerpriceinflationbasketofgoodsandservices/2020

  9. On ‎18‎/‎04‎/‎2020 at 20:31, InvestInCoins888 said:

    I’m 100% with you here. Once all this virus stuff has settled, I think we will see Silver level out at a significantly higher spot than we’ve been used to. 

    Im a betting man and I’ll lay a tenner on spot price of silver this time next year between £25-35oz.

    Bet accepted.

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