INVESTMENT GOLD – EU
December 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Union (EU) Council of Ministers has allowed France and Spain to use VAT rules departing from standard EU practice regarding tax declarations for investment gold. These sales can be exempt of VAT under EU legislation, meaning they maybe do not generate income for customs authorities. To prevent this being abused for avoiding the payment of VAT, the French and Spanish governments have in the past requested (and been allowed) to insist such gold purchases are included in sales tax declarations. This exemption was about to run out, but ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.