deliveries of silver to UK from EU

[silvergeek88]

Hello everyone,

I was wondering if someone ordered silver coins from Belgium after Brexit? I am wondering about extra charge which might apply after receiving my coins in UK? 

 

[GBStacking]

You'd be looking at at least 20% VAT and possibly some customs\handling fees. I think the fees part might depend on what particular delivery service they come in by, but definitely a VAT charge.

[silvergeek88]

On 26/03/2021 at 18:52, GBStacking said:

You'd be looking at at least 20% VAT and possibly some customs\handling fees. I think the fees part might depend on what particular delivery service they come in by, but definitely a VAT charge.

even if I paid VAT while buying my silver in Belgium?  That`s double tax pay?

[fluttershypony]

customs will destroy you, do not dare try it.

[silvergeek88]

22 minutes ago, fluttershypony said:

customs will destroy you, do not dare try it.

ok thank you, whats the best place to buy 1oz silver coins in the UK?

 

22 minutes ago, fluttershypony said:

 

 

[Spark268]

you can get the best deals on the trade section of this forum.

besides that, I dont know - Bullion by post have Brits on for around 32 per oz.

[Pete]

2 hours ago, silvergeek88 said:

even if I paid VAT while buying my silver in Belgium?  That`s double tax pay?

Yes you will end up being charged twice.
I had thought that there was a £250 threshold meaning no additional VAT to pay but that's incorrect.
Notice that STG and CoinInvest have a minimum order to the UK of £250.
That's because they can ship VAT free but you will be hit with the full 20% once arriving in the UK plus a fee for the courier / post invoicing you VAT.

[GBStacking]

23 hours ago, silvergeek88 said:

even if I paid VAT while buying my silver in Belgium?  That`s double tax pay?

Yep im afraid so. One set of VAT to the country you buy it in (assuming that country doesn't allow VAT free export only sales) and one lot of VAT for HMRC.