Newbie Silver Stacker in London

Discussion in 'Welcome New Members' started by zaphod, May 1, 2012.

  1. zaphod

    zaphod New Member

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    Morning/Afertnoon guys.

    Recently got the silver bug after investing in gold for a few yrs. I still buy gold but at a reduced rate, though. Really looking to increase by exposure to silver over the next yr and beyond.

    Currently buying 1oz silver coins (Britannias etc). Works out at 28 per coin. Antique silver (got a few nice pieces at low prices from auctions) and also via Bullion Vault.



    I was looking at www.vatea.de. If I purchase silver coins from here and pay the 7% VAT do I then have to pay any additional tax when its posted to me in the UK ( ie. 20% VAT on top)? At the moment price wise if I can get coins with just the 7% it is a good deal, but if anything else is added I'll stick to my usual coin shop.


    any advice is welcome :) good or bad.


    thanks
     
    zaphod, May 1, 2012
    #1
  2. Maggie

    Maggie New Member Silver Stacker

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    Hello and welcome. : )
     
    Maggie, May 1, 2012
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  3. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    Hi Zaphod. Didn't I meet you at a party in Islington? You went off with a Blonde astrophysicist as I recall.

    Good to see youre doing well. The extra arm suits you. ;)
     
    Captain Kookaburra, May 1, 2012
    #3
  4. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    He probably doesn't recognise you CK, You would've had a towel on your head at the time. ;)

    Welcome zaph
     
    mmm....shiney!, May 1, 2012
    #4
  5. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    I did indeed... Was less weird than him wearing a birdcage on his shoulder. ;)
     
    Captain Kookaburra, May 2, 2012
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  6. XB

    XB Active Member Silver Stacker

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    Welcome zaphod
     
    XB, May 2, 2012
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  7. silver87

    silver87 New Member

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    Welcome!!
     
    silver87, May 2, 2012
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  8. shano73

    shano73 Member

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    Welcome aboard :)
     
    shano73, May 2, 2012
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  9. zaphod

    zaphod New Member

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    thanks for the welcome and advice.
     
    zaphod, May 2, 2012
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  10. Reggie Perrin

    Reggie Perrin New Member

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    Hi Zaphod

    Welcome to SilverStackers, and you passed the test that tells us you're really from the UK; your first Q is about VAT :)
     
    Reggie Perrin, May 2, 2012
    #10
  11. Vredaren

    Vredaren Member

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    Welcome (former) Mr. President!
     
    Vredaren, May 3, 2012
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  12. Photonaware

    Photonaware Active Member

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    Welcome and nice to see another Brit on board.

    If you purchase silver in the EU and the seller charges VAT then the goods are in free circulation and you can move them in the EU without paying any additional tax. So, if you order in Germany where the VAT is only 7% and you get an invoice showing this has indeed been paid then you do not pay anything more bringing the goodies back to the UK or having them shipped to the UK.
    If the seller does not show a VAT invoice then you will be liable for the 20 % UK VAT.
     
    Photonaware, Jun 6, 2012
    #12
  13. renovator

    renovator Well-Known Member

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    Hey zaphod
     
    renovator, Jun 9, 2012
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