Whether you are looking to invest in, or sell investment gold, are considering an international sale or purchase, or need assistance with VAT records, returns, and management, we have the skills and expertise to give you peace of mind over your business endeavours.
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The purchase and resale of jewellery and precious materials in the UK can involve several complicated and time-consuming VAT conditions. Despite many pieces of 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.
Advice For VAT On Jewelers
When looking to sell or invest in precious metals or jewels, it is essential to understand how VAT works and applicable to this sector. In some cases, the transition may be eligible for the special accounting scheme, and in others, it may be completely exempt. When anticipating VAT costs and calculating the rates, it is vital for VAT on jewellers. Our highly experienced team can support and advise you in a vast range of areas about VAT on jewellers, including:
- Special accounting scheme
- Compliance checks and investigations
- International VAT requirements
- VAT records
- Input and Output calculations
- Registration and deregistration
- Input VAT reclaims
- VAT invoices
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