Buy VAT Free Silver Bars
With a growing global interest in silver investment, tax efficiency and value are paramount. While we’ve been storing silver (both bars and coins) offshore for years now, more of our customers wanted to take delivery of bars, but still, be VAT-Free! Now, for the first time, we’re able to offer this service. All the bars in this section are for delivery only and do not attract VAT due to their unique ‘Coin Bar’ status.
Unlike investment gold, when you buy bars of silver in the UK, they are not exempt from VAT and attract an additional price of 20% on top of the silver price. Irrespective, the demand for silver bullion and coins is on the rise. We wanted to offer investors the opportunity to benefit from building a diverse portfolio without paying VAT. These bars capitalise on a couple of loopholes to provide the opportunity of buying bars without the VAT. Firstly we source these bars carefully from within the EU to trigger the non-double taxation clause. Secondly, like Silver coins, these unique bars have a face value. Ticking both these boxes means we’re able to provide the exceptional value of delivery VAT-Free bars of silver, saving you 20%! Don’t forget, if you need storage solutions for silver we offer that too.
Basically, these are 999.9 purity Silver bars with the vital difference that they each have their own Face Value. In the same way, the Face Value of UK coins such as the Britannia, Sovereign and Lunars means investors can trade them without incurring VAT, so the face value of these bars prevents the need for VAT.
Producing coins has a higher relative cost of production when compared to manufacturing bars. Using economies of scale, bar manufacturers can reduce the individual mark-up on each piece and pass these on to the consumer. Combined with the fact that silver bars which are VAT free (as well as gold bars), the comparative costs for the same quantity of silver in coins would be much higher. This means that investors can secure much larger increments. Watch our related YouTube video - "Silver bars or silver coins - which is the best investment?"