VAT on anything besides gold (in the uk)

[Shredderson]

I apologise if this has been asked many times before, i did a rudimentary search but didnt really find what i was looking for.

Obviously, in the uk, silver, platinum and paladium all are considered industrial metals, and as such, we pay 20% vat. 

Absolutely no way around this?? Of course i can go to ebay or something, but i would prefer to buy them from a reputable dealer, whether second hand or not i dont mind, but i don't want to risk getting something fake. Also, just being a little ocd, i want all my bars to be the same. 

I heard something called the special scheme, im not sure exactly how it works, its something to do with selling second hand items, where the sales tax would only apply to the premium, not the whole bar. Any place to buy bars with this? Baird and co do something like this?

Otherwise, what would you recommend i do, stick with gold entirely? Eat the cost? Eat the cost but keep the amount of silver, platinum and palladium small relative to gold?

[Pete]

Dozens of posts on VAT in the UK following Brexit - search this site if you want more details.
Buying from any business UK or EU today you will be charged 20% VAT on silver.
The differential VAT scheme is used extensively in the EU meaning next to nil VAT on coins but you will be hit with 20% importing them in to the UK.
Secondhand silver can be taxed at 0% but our UK dealers just add the difference to the premium.
Your cheapest silver can be bought on this site or eBay but worth checking Chards and some others for prices.
 

[BairdMint]

We only sell new bars that we manufacture in house. 

 

[sixgun]

i would be careful buying on ebay - there are a lot of fake on there.

If you want all the same then you will probably have to buy new. VAT is on all new items and often on second hand as well.
There is the margin relief scheme where a dealer only charges VAT on their profit element. This is with second hand items - some dealers do it. Chard does and Atkinson sometimes.

All new bars have VAT on them. Even inside the EU, they all have VAT.

i would try to get out of the idea of all the same. If you want to get best value silver you need to be an opportunist. Get what you can, where you can, when you can.

You can buy from some dealers VAT free and they will store the items for you. You cannot take delivery or else they apply VAT.
You may have heard a lot of kerfuffle about unallocated silver. That the mints never had the silver when the customers demanded delivery. 

There is kinesis.money - i am heavily involved in this. i hold silver with them and do not pay VAT. The silver (and gold) is vaulted. i could take delivery but i would have to pay VAT if i did. The Kinesis system is too much to explain on this thread but it is not for you if you want possession.

The Silver Forum is a good place to buy both gold and silver.

[mrrick]

theres always silver bars for sale via forum , at very good prices sometimes