EU legislation

The exemption for investment gold is derived from Archived Directive 2006/112/EC, arts 344鈥�356, which deals with the definition of investment gold, the exemption of supplies, the option to tax such supplies, the right of deduction¹ and special obligations for investment gold traders².

UK legislation鈥擵ATA 1994, Sch 9, Group 15, Items 1 and 2

With effect from 1 January 2000, supplies of 'investment gold' are exempt from VAT³. Also exempt are:

1. 听

   (1)听听听听 the grant, assignment or surrender of any right, interest, or claim in, over, or to, investment gold if the right, interest, or claim is, or confers, a right to the transfer of the possession of investment gold⁴, and

2. 听

   (2)听听听听 the supply, by a person acting as agent for a disclosed principal, of services consisting of:

3. 听
   1. 听

      (a)听听听听 the effecting of a supply falling within the above provisions that is made by or to his principal, or

   2. 听

      (b)听听听听 attempting to effect such