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<p>[QUOTE=&quot;Del Pinto, post: 2080253, member: 73128&quot;]&quot;Hardly surprising as the average UK buyer won&#039;t be paying any tax at all, just the dealer&#039;s profit margin. I have never paid any tax on a coin or precious metal item. Were I asked I&#039;d just walk away.&quot;</p><p><br /></p><p>I really don&#039;t want to wade into this, but it certainly appears (info online) that retail UK buyers <i>do</i> get charged VAT on Silver coins purchased at UK shops. It sounds complex. I don&#039;t know what the &quot;Global tax scheme&quot; is, relevant to other PMs?</p><p><br /></p><p>1) <a href="http://www.cointrust.co.uk/help_answer.asp?ID=14#14" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cointrust.co.uk/help_answer.asp?ID=14#14" rel="nofollow">http://www.cointrust.co.uk/help_answer.asp?ID=14#14</a></p><p>&quot;Due to the complexity of the collectible business it is very difficult to give an accurate V.A.T payments on all our products. Where it is clear on newly released products we show the VAT within the product. However if the item has bought through the secondry market then this will come under a Global tax scheme and will not be shown. If trying to claim VAT back and you are VAT registered then we recommend speaking to your accountant. If you are not this cannot be claimed back.</p><p><br /></p><p>All gold coins are tax free&quot;</p><p><br /></p><p>2) <a href="http://www.finesilvercoins.co.uk/faq/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.finesilvercoins.co.uk/faq/" rel="nofollow">http://www.finesilvercoins.co.uk/faq/</a></p><p><font size="4"><b>&quot;SILVER, PLATINUM &amp; PALLADIUM BULLION ARE NOT VAT FREE:</b></font></p><p>VAT at 20% is chargeable on Silver, Platinum and Palladium.&quot;</p><p><br /></p><p>3) <a href="http://therealasset.co.uk/vat-silver/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://therealasset.co.uk/vat-silver/" rel="nofollow">http://therealasset.co.uk/vat-silver/</a></p><p><br /></p><p>Back in Arkansas:</p><p>In Texarkana, AK you&#039;d pay 10.5% in combined sales taxes, but I find no coin shops there.</p><p>It looks like the highest sales taxes in the top 10 towns would be ~8.5 - 9.25%; again, that&#039;s tacked on to whatever dealers&#039; retail premium for Silver bullion. If the dealer charged as much as Littleton, you&#039;d pay a 32 - 33% effective premium, after taxes.</p><p><br /></p><p>I honestly can&#039;t imagine that driving to an AR county/town with &#039;lower sales taxes&#039; would be worth the gas, but in some cases (larger bullion purchases) driving across state lines might be.[/QUOTE]</p><p><br /></p>

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