Tax advisory for jewellers, watchmakers, and precious metal dealers.
Diamond retail — standard-rated 10%. Gold jewellery — standard-rated. Investment gold — special scheme (may be exempt). Precious stone import — 5% customs + VAT. Loose diamonds — standard-rated. Pearl jewellery — standard-rated.
Luxury watch retail — standard-rated. Watch import — 5% customs + VAT. Repair services — standard-rated. Warranty extension — standard-rated. Pre-owned watches — margin scheme possible. Parts import — customs + VAT.
Retail rent (malls) — standard-rated input. Insurance on stock — exempt. Security services — standard-rated input. Hallmarking fees — government fee. Export to tourists — zero-rated (with proof). Online sales — standard-rated.
We help jewellers manage complex import duty and VAT on high-value goods.
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