Import VAT on Platinum to the UK from the EU

[very452001]

Anyone can confirm if I import platinum into UK from EU now will I be charged extra 20% VAT?

If yes where's the cheapest place in UK to buy new platinum coins?

Shall I assume premium over spot for physical is similar price for in UK and in EU?

Im trying to work out is it cheaper to buy from UK or EU?🤔

 

[SilverAngel]

7 hours ago, very452001 said:

Anyone can confirm if I import platinum into UK from EU now will I be charged extra 20% VAT?

If yes where's the cheapest place in UK to buy new platinum coins?

Shall I assume premium over spot for physical is similar price for in UK and in EU?

Im trying to work out is it cheaper to buy from UK or EU?🤔

 

Yes VAT is charged on Silver and Platinum... and I would assume the cheapest place would be TSF if any items come up for sale 🙂

[BritanniaCoinCompany]

9 hours ago, very452001 said:

Anyone can confirm if I import platinum into UK from EU now will I be charged extra 20% VAT?

If yes where's the cheapest place in UK to buy new platinum coins?

Shall I assume premium over spot for physical is similar price for in UK and in EU?

Im trying to work out is it cheaper to buy from UK or EU?🤔

 

I'm not aware of anyone selling platinum 1/4 ounce coins at a lower price than I am at the moment...

[Rll1288]

11 minutes ago, BritanniaCoinCompany said:

I'm not aware of anyone selling platinum 1/4 ounce coins at a lower price than I am at the moment...

Saving my money up to get a 1oz 😉

[very452001]

13 hours ago, BritanniaCoinCompany said:

I'm not aware of anyone selling platinum 1/4 ounce coins at a lower price than I am at the moment...

Isn't it cheaper to buy a 1oz plat coin in compared to 4 x 0.25oz plat coins?

[very452001]

15 hours ago, SilverAngelPouring said:

Yes VAT is charged on Silver and Platinum... and I would assume the cheapest place would be TSF if any items come up for sale 🙂

I like to buy new from a reputable dealer.

Do you know the cheapest place to buy new physical 1oz plat coins in the UK?

Pre-owned physical platinum coins have no VAT? If so where's the best place reputable places to buy them?

[Tattoedamat]

Right now you will probably pick up four quarter ounce platinum Britannia from Britannia coin company cheaper than your pickup 1-ounce coins

[very452001]

11 hours ago, Tattoedamat said:

Right now you will probably pick up four quarter ounce platinum Britannia from Britannia coin company cheaper than your pickup 1-ounce coins

Okay are they a recent new company? as I cant find any feedback on them here:

https://uk.trustpilot.com/review/britanniacoincompany.com

Lastly how you search for plat coins on their website and are they pre-owned or new?

[ChrisSilver]

@very452001 I have moved your question to a new topic as your question will start more discussion around this topic. Please keep the Platinum Deals topic strictly for sharing deals that you find, and start new topics for more in-depth discussions. This is to maintain a great viewing/reading experience for all. many thanks  

[LawrenceChard]

On 19/01/2021 at 00:48, very452001 said:

Anyone can confirm if I import platinum into UK from EU now will I be charged extra 20% VAT?

If yes where's the cheapest place in UK to buy new platinum coins?

Shall I assume premium over spot for physical is similar price for in UK and in EU?

Im trying to work out is it cheaper to buy from UK or EU?🤔

 

 Anyone can confirm if I import platinum into UK from EU now will I be charged extra 20% VAT?

Almost certainly yes.

If yes where's the cheapest place in UK to buy new platinum coins?

Last time I looked, we were the cheapest on 1 ounce Queen's Beasts.

Many of our bullion products have dealer price comparisons on the product pages.

https://www.chards.co.uk/2021-lion-of-mortimer-1-oz-platinum-bullion-coin/13389

Why do you insist on NEW ones?

Shall I assume premium over spot for physical is similar price for in UK and in EU?

Probably, most markets are international these days.

Im trying to work out is it cheaper to buy from UK or EU?🤔

Most EU countries have VAT rates similar to ours.

Don't forget shipping, customs entries, foreign exchange costs. As a general rule, these are going to make UK sources more competitive for you.

Some UK dealers even have bricks and mortar premises which you can visit and collect from (subject to Covid restrictions). so do some none UK sources, but slightly more inconvenient because of travel.

Edited March 24, 2021 by LawrenceChard
typos

[LawrenceChard]

3 hours ago, LawrenceChard said:

 Anyone can confirm if I import platinum into UK from EU now will I be charged extra 20% VAT?

Almost certainly yes.

If yes where's the cheapest place in UK to buy new platinum coins?

Last time I looked, we were the cheapest on 1 ounce Queen's Beasts.

Many of our bullion products have dealer price comparisons on the product pages.

https://www.chards.co.uk/2021-lion-of-mortimer-1-oz-platinum-bullion-coin/13389

Why do you insist on NEW ones?

Shall I assume premium over spot for physical is similar price for in UK and in EU?

Probably, most markets are international these days.

Im trying to work out is it cheaper to buy from UK or EU?🤔

Most EU countries have VAT rates similar to ours.

Don't forget shipping, customs entries, foreign exchange costs. As a general rule, these are going to make UK sources more competitive for you.

Some UK dealers even have bricks and mortar premises which you can visit and collect from (subject to Covid restrictions). so do some none UK sources, but slightly more inconvenient because of travel.

We now have the White Horse on our site, for pre-order (or notify when in stock)

https://www.chards.co.uk/2021-horse-of-hanover-1-oz-platinum-bullion-coin/14356?

[Pete]

Just checking various sellers it looks as if there is very little difference in price between Chards, BullionbyPost and the Royal Mint for a 1 oz Platinum QB White Horse.
Typical margin over spot is 11.25% plus 20% VAT
The lowest priced EU coin was 15% over spot but it would cost 20% in VAT importing it, so works out more expensive.
Ditto from the USA with an 11% margin but also VAT, more expensive shipping and handling fees.