Tax advisory for jewellers, goldsmiths, and precious metal dealers.
Gold jewellery — standard-rated 10%. Silver — standard-rated. Diamonds — standard-rated. Watches — standard-rated. Custom design fees — standard-rated. Repair and resizing — standard-rated. Engraving — standard-rated.
Investment gold (bars, coins) — zero-rated if meeting purity standards (99.5%+). Silver bullion — standard-rated. Platinum — standard-rated. Gold trading — complex supply analysis. Gold import — customs exempt if investment grade. Storage fees — standard-rated.
Jewellery export — zero-rated. Tourist refund scheme — available. Second-hand jewellery — margin scheme consideration. Wholesale B2B — standard-rated. International exhibitions — temporary import rules. Scrap gold purchase — reverse charge may apply.
We help jewellers navigate gold VAT, export zero-rating, and margin schemes.
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