Fedex

Discussion in 'Silver' started by CCS, Jun 20, 2023.

  1. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    Yes, and those pandas have values…5yuan..10yuan..etc etc…these f coins fall into category of ‘numismatic coins with value’
     
  2. CCS

    CCS Member

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  3. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    ^^^
    yes, that has 10yuan…which means coin has numismatic value. If yours panda coins were already here when you bought them..yes, you’d be GST-free…

    why did they come in a FedEX parcel? From overseas? thus…categoried as import.
     
    Last edited: Jun 21, 2023
  4. BelfastChild

    BelfastChild Well-Known Member Silver Stacker

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    I last used it in September 22. It was actually sent to me by a FedEx tax agent for signature and return, but going by this thread they've changed policies :(
     
  5. BelfastChild

    BelfastChild Well-Known Member Silver Stacker

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    This is still a tax based comment but going off topic a bit..sorry.

    I'll be heading back to Ireland / England soon and was interested in picking up Silver on my travels.

    You're changed 20% VAT (gst) on Silver but it was my understanding you can claim it back when leaving the Country.

    Had a look at the appropriate tax website which unfortunately states....

    Goods you cannot get a refund for
    You cannot get a VAT refund for:

    • most mail order goods, including internet sales, delivered outside of Northern Ireland
    • goods you’ve already used in Northern Ireland or the EU, such as perfume
    • service charges, such as hotel bills
    • new or used cars
    • goods exported for business purposes where you need to make a customs declaration
    • goods to be exported as freight
    • goods that need an export licence (except antiques)
    • unmounted gemstones
    • gold or silver over 125g, 2.75 troy ounces or 10 tolas
    • a boat you plan to sail to a destination outside the UK or the EU.
    Looks like I'll be restricted to buying from Shady Shamus at the back of the pub :rolleyes::oops:
     
    mmm....shiney! likes this.
  6. CCS

    CCS Member

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    Strangely, why VAT on GOLD in UK? Limit to 2.75 OZ!
     
  7. CCS

    CCS Member

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    There was an advantage of buying from overseas, but it is no more now....
     
  8. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    ^^^
    only those items that you couldn’t get here..
     
  9. Darwin

    Darwin Well-Known Member Silver Stacker

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    Is that numismatic value, or does it only indicate the coin is considered legal tender in the country of issue?
    Because if it counts as numismatic then those old milky 2016 roos and maples which sell for not much over spot would be GST applicable as well...


    I think it's all pretty obviously just a cash-grab on the part of FedEx, so as much as possible, it's a call for people to avoid using them as the courier service.
     
  10. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    those coins/bars are already in AUS, thus, no extra GST is to be applied …CCS thread talking about IMPORTing coins from overseas, which have numismatic value, ie. yuan (or USD or whatever you wanna call it), and even you bought some AUS kangas/koalas/emus/crocs/etc/etc from overseas dealers..these are subject to GST

    if you’re being charged on GST on top of your purchase price for .999+ fineness in AUS, then you’re being conned…
     
    Last edited: Jun 22, 2023

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