Updated VAT notice – investment gold coins
HMRC have updated VAT Notice 701/21A entitled ‘Investment gold coins’. The notice cancels and replaces the previous version published in January 2010.
The notice explains how an investment gold coin is exempt from VAT and provides a list of investment gold coins whose supply is exempt from VAT .
An investment gold coin is:
- a gold coin minted after 1800 that is of a purity of no less than 900 thousandths is, or has been, legal tender in its country of origin, and is of a description of coin that is normally sold at a price that does not exceed 180% of the open market value of the gold contained in the coin
- a gold coin listed in section 3 of VAT Notice 701/21A.