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https://theaccountancysolutions.com/services/tax-services/value-added-tax/vat-on-special-trades/vat-on-jewellers/
The purchase and resale of jewellery and precious materials in the UK can involve a number of complicated and time-consuming VAT conditions. Despite many jewellery and precious metal purchases being the transfer of second-hand goods, neither falls under the eligibility for margin schemes. This includes the purchase of gold and investment gold. Currently, investment gold, which can fall …
https://travel.stackexchange.com/questions/51466/do-customs-duties-and-vat-apply-on-jewellery-and-gifts-even-when-imported-into-u
The VAT is not only for UK citizens, as it applies to anyone in the UK. Declaring and paying VAT on your items depends on how much the total of gifts & ring come to. If their total value is less than £390, you don't have anything to worry about.
https://www.gov.uk/tax-on-shopping
Some things are exempt from VAT, such as postage stamps and some financial and property transactions. VAT is normally included in the price you see in shops, but there are some exceptions. VAT …
https://www.accountingweb.co.uk/any-answers/is-vat-payable-on-sales-of-secondhand-jewellery
Isn't it just. I am sure he should be accounting for VAT on the sales, either under the Secondhand Margin Scheme or at standard rate. The client (not at the Auction house now) claims it is exempt.
https://www.book-keepers.org.uk/t66228362/vat-scheme-for-second-hand-jewellery/
goods containing gold for which the amount paid or payable for the supply (apart from any VAT) does not exceed, or exceeds by no more than a negligible amount, the open market value of the gold contained in the goods the open market value of the gold is the fix price of the gold at the time of supply, this is the price set in the twice-daily meetings by London Gold Fixing Ltd and includes supplies of …
https://www.gold.co.uk/info/vat/
Currently, investment gold is exempt from VAT , this includes all gold bullion bars and coins purchases in the UK and EU. Conversely, silver bullion is subject to VAT, presently at 20% in the UK. Frequently, due to the VAT free status of investment gold, some investors believe that …
https://orchid.ganoksin.com/t/duty-and-tax-on-jewellery-sent-to-us-from-uk/27882
VAT is 17.5% and I think duty on precious jewellery is 2.5%. In my experience this is levied on the value of the goods+shipping&insurance. Then there’s also the charge FedEx or UPS adds for dealing with customs. There is a brief guide to VAT and duty on common internet goods brought into the UK (including jewellery) here: http://tinyurl.com/bk4ve
https://www.accountingweb.co.uk/any-answers/vat-on-second-hand-gold-jewellery
The VAT registered jewellery trader buys the second hand gold jewellery from individuals customers who are non-VAT registered and then clean it/repair it for re-sale. Is the VAT on re-sold jewellery could be accounted on margin scheme according to Notice 718, or margin scheme cannot apply, because the re-sold jewellery fall in precious metals ...
https://www.gov.uk/guidance/gold-acquisitions-imports-investments-and-vat-notice-70121
Jan 30, 2013 · Investment gold is exempt from VAT, subject to an option to tax. If you’re interested in opting to tax your supplies you need to read section 4. 2.1 Definition of …
https://www.sectorsdonut.co.uk/sectors/retail-wholesale/antique-dealer/vat
This and many other VAT publications are available to download free from the Gov.uk website. You can reclaim the VAT you are charged on business expenditure as input tax. There is no input tax to reclaim on goods bought for resale under the Margin Scheme. Every quarter you will pay HM Revenue & Customs (HMRC) the difference between: ...
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