Is There A Way to Avoid VAT Imported to UK With Correct Import Codes?

[SilverJacks]

Hi guys,

 

I'm looking to buy a gold coin from a US based Ebay seller and was hoping to avoid the hassle of paying VAT at my doorstep and then jumping through hoops to claim it back. I have looked through the similar topics on this and found some references but not sure it is the latest information so thought I would reach out for any advice...

I called HMRC VAT general enquiries number to find if there is anything I can do to avoid the VAT/duty being applied to investment gold in error (the coin does fall into the investment category). I was told that there is a way to avoid it, but the responsibility lies with the seller, who must fill the paperwork correctly by stating the Customs Procedure Code (CPC). Unfortunately, they would not offer any advice on the correct code, but would point me in the direction of where I could find it - CHIEF: customs procedure codes - GOV.UK (www.gov.uk)

The information is not straightforward. I did say as much on the phone and they said that the seller should know the correct code. When I told them the seller may not be a business but an ad hoc private seller, they told me to direct them to the website., which I don't think would go down well if I tried.

So, just wondering if anyone with experience of this, does anyone know the correct CPC code to provide the seller, or the correct procedure to avoid the VAT/duty chargers, if possible?

 

Thanks in advance

Silverjacks

[Ignorant]

It took me 2 minutes to google this stuff. You could have done it yourself.

Take note of the entire notice. There is a lot to take in.

Seller must provide you with a receipt/ invoice as specified in the guidelines.

Seller must fill in the correct customs form.

Have the two of you given insurance any thought?

https://www.gov.uk/guidance/gold-acquisitions-imports-investments-and-vat-notice-70121

Bellow is a link that provides a list of investment gold coins. The list can be downloaded by clicking the link at the bottom of chapter 3:

https://www.gov.uk/guidance/investment-gold-coins-and-vat-notice-70121a

You’re welcome.

Edited August 25, 2023 by Ignorant

[silvergaga]

I thought all gold in UK was VAT exempt.

[SilverJacks]

2 hours ago, Ignorant said:

It took me 2 minutes to google this stuff. You could have done it yourself.

Take note of the entire notice. There is a lot to take in.

Thanks for that. As I said, it was all overwhelming looking at the link I was directed to by the HMRC operator. But you have indeed found it by simple google search. Much appreciated.

2 hours ago, Ignorant said:

Have the two of you given insurance any thought?

I haven't as the buyer, but the seller will have done so as an eBay listing.

[SilverJacks]

@silvergaga It has to fall in to a criteria set out by HMRC. It's very broad, covers most bullion coins & bars. Not sure on jewellery though..