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EU legislation

The exemption for investment gold is derived from Archived Directive 2006/112/EC, arts 344–356, which deals with the definition of investment gold, the exemption of supplies, the option to tax such supplies, the right of deduction¹ and special obligations for investment gold traders².

UK legislation—VATA 1994, Sch 9, Group 15, Items 1 and 2

With effect from 1 January 2000, supplies of 'investment gold' are exempt from VAT³. Also exempt are:

1. Ìý

   (1)ÌýÌýÌýÌý the grant, assignment or surrender of any right, interest, or claim in, over, or to, investment gold if the right, interest, or claim is, or confers, a right to the transfer of the possession of investment gold⁴, and

2. Ìý

   (2)ÌýÌýÌýÌý the supply, by a person acting as agent for a disclosed principal, of services consisting of:

3. Ìý
   1. Ìý

      (a)ÌýÌýÌýÌý the effecting of a supply falling within the above provisions that is made by or to his principal, or

   2. Ìý

      (b)ÌýÌýÌýÌý attempting to effect such