Investment gold coins

HMRC Reference:Notice 701/21A (February 2012) View Change History
 

Contents

Foreword

1.Introduction

1.1 What does this notice cover?

1.2 Who should read this notice?

2.Investment gold coins

2.1 What is an investment gold coin?

2.2 Coin types

2.3 Selling price

2.4 What is the 'normal' selling price?

2.5 Conditions affecting the normal selling price

2.6 Can I use the Margin Scheme for investment gold coins?

2.7 Record keeping requirements for dealers in investment gold coins

3.Lists of investment gold coins

Table 1: The European Commission list

Table 2: UK list of additional coins recognised as investment gold coins

Your rights and obligations

Do you have any comments or suggestions?

Putting things right

How we use your information

 

Foreword

This notice cancels and replaces Notice 701/21A (February 2011). Details of any changes to the previous version can be found in paragraph 1.1 of this notice.

1.Introduction

1.1 What does this notice cover?

This notice:

  • explains that an investment gold coin is exempt from Value Added Tax (VAT) and explains which coins can be considered as investment gold coins (see section 2), and
  • provides revised lists of investment gold coins whose supply is exempt from VAT (in section 3). Readers are advised that, because there are several changes from previous lists, they should refer directly to the lists for qualifying coins.

You should read this notice alongside Notice 701/21 Gold which gives further information about dealing in gold coins.

You can access details of any changes to this notice since January 2010 on our website, go to www.hmrc.gov.uk or by phoning the VAT Helpline on 0300 200 3700.

1.2 Who should read this notice?

Traders dealing in investment gold coins.

2.Investment gold coins

2.1 What is an investment gold coin?

An investment gold coin is:

a. gold coin minted after 1800 that:

  • is of a purity of not less than 900 thousandths
  • is, or has been, legal tender in its country of origin, and
  • is of a description of coin that is normally sold at a price that does not exceed 180 per cent of the open market value of the gold contained in the coin, or

b. a gold coin on the lists in section 3.

A coin not on the lists can still be exempt from VAT if it falls within the description at a. above. But you must be able to show from your business records that any such coin meets the criteria.

You should treat coins that do not fall within a. or b. above as subject to VAT at the standard rate.

2.2 Coin types

All gold coins that have the same denomination (face value), size and gold fineness as those described at paragraph 2.1 and section 3, are exempt from VAT.

The definition for VAT purposes is wider than the one which coin experts (numismatists) normally use. This is because changes of superficial design do not alter the gold coin type or description.

So, a gold coin type may be a single issue for one year, or have been produced for almost two centuries, as in the case of the British sovereign.

2.3 Selling price

Of the three criteria in paragraph 2.1a., only the selling price of the coin is subjective.

Coins are minted in various finishes and will be sold at a variety of prices. If exemption depended on the actual selling price of an individual coin this would lead to inconsistency. Administration of the exemption would become burdensome for traders and HM Revenue & Customs (HMRC) alike. For this reason, exemption depends on the normal selling price.

2.4 What is the 'normal' selling price?

This is the price that can most usually be demanded for a particular type of coin.

It does not matter that an individual coin is of special interest to collectors; if the usual price of the coin type falls within 180 per cent of the value of the gold contained therein, all coins of that type will be exempt.

Similarly, if a coin type is usually valued at more than 180 per cent of the gold value, because of its interest to collectors, but an individual coin is in such poor condition that it is worth less than 180 per cent of its gold value, that coin (like others of its type), will be subject to VAT at the standard rate.

2.5 Conditions affecting the normal selling price

The finish influences the normal selling price of coins. Investment gold coins fall into two broad classes.

The first consists of relatively older issues made to circulate as currency. These will normally be worn from circulation.

The second, generally more recent, are primarily produced as a store of wealth. These may have been issued in a number of finishes and if the majority of a type of coin are in for example 'brilliant uncirculated' condition then, other things being equal, the brilliant uncirculated value will reflect the normal selling price.

On the other hand, if the majority of a particular coin are in 'proof' condition, then the value of the proof coin is more likely to reflect the normal selling price. The test of normal selling price must take into account these factors and be based on the condition in which the gold coin type is most frequently traded.

2.6 Can I use the Margin Scheme for investment gold coins?

No. You cannot sell investment gold coins (see paragraph 2.1) under the Margin Scheme.

If you have mistakenly included investment gold coins as purchases in Margin Scheme stock records, delete the entry and note it accordingly.

If you have included the coins in Global Accounting purchases, remove the items from the scheme and adjust the total purchases in the period. You must also deduct the value you have attributed to the items from your Global Accounting purchase record.

Guidance on correcting errors is in Notice 700/45 How to correct VAT errors and make adjustments or claims.

Further guidance on the Margin Scheme is in Notice 718 The VAT Margin Scheme and global accounting.

2.7 Record keeping requirements for dealers in investment gold coins

There are specific record keeping and notification rules for dealers in investment gold and investment gold coins. These are in Notice 701/21 Gold.

3.Lists of investment gold coins

The European Commission publish annually a list of gold coins which must be treated as investment gold coins in all EU Member States. The list has legal force and supplements the law.

HMRC have added an additional list of gold coins alongside the European Commission list. These are gold coins that HMRC recognise as falling within the exemption for investment gold coins. This second list does not have legal force.

These lists are valid for the year 2012. They are set in alphabetical order, by names of countries and denominations of coins. Within the same category of coins, the list follows the increasing value of the currency.

The denomination of each coin reflects the currency shown on the coins. However, where the currency on the coin is not shown in roman script, where possible its denomination in the list is shown in brackets.

Table 1: The European Commission list

Country of issue


Denomination of the coins


Afghanistan


(20 Afghani)
10,000 Afghani
(½ Amani)
(1 Amani)
(2 Amani)
(4 Grams)
(8 Grams)
1 Tilla
2 Tillas


Albania


20 Leke
50 Leke
100 Leke
200 Leke
500 Leke


Alderney


5 Pounds
25 Pounds
1,000 Pounds


Andorra


50 Diners
100 Diners
250 Diners
1 Sovereign


Anguilla


5 Dollars
10 Dollars
20 Dollars
100 Dollars


Argentina


1 Argentino


Aruba


10 Florin
25 Florin


Australia


5 Dollars
15 Dollars
25 Dollars
50 Dollars
100 Dollars
150 Dollars
200 Dollars
250 Dollars
500 Dollars
1,000 Dollars
2,500 Dollars
3,000 Dollars
10,000 Dollars
½ Sovereign (= ½ Pound)
1 Sovereign (= 1 Pound)


Austria


10 Corona (= 10 Kronen)
100 Corona (= 100 Kronen)
1 Ducat
(4 Ducats)
10 Euro
25 Euro
50 Euro
100 Euro
4 Florin = 10 Francs (= 4 Gulden)
8 Florin = 20 Francs (= 8 Gulden)
25 Schilling
100 Schilling
200 Schilling
200 Schilling/10 Euro
500 Schilling
1,000 Schilling
2,000 Schilling


Bahamas


10 Dollars
20 Dollars
25 Dollars
50 Dollars
100 Dollars
150 Dollars
200 Dollars
250 Dollars
2,500 Dollars


Belgium


10 ECU
20 ECU
25 ECU
50 ECU
100 ECU
50 Euro Gold
100 Euro
10 Francs
20 Francs
5,000 Francs


Belize


25 Dollars
50 Dollars
100 Dollars
250 Dollars


Bermuda


10 Dollars
25 Dollars
30 Dollars
50 Dollars
60 Dollars
100 Dollars
200 Dollars
250 Dollars


Bhutan


1 Sertum
2 Sertums
5 Sertums


Bolivia


4,000 Pesos Bolivianos


Botswana


5 Pula
150 Pula
10 Thebe


Brazil


300 Cruzeiros
(4,000 Reis)
(5,000 Reis)
(6,400 Reis)
(10,000 Reis)
(20,000 Reis)


British Virgin Islands


100 Dollars


Bulgaria


(1 Lev)
(5 Leva)
(10 Leva)
(20 Leva)
(100 Leva)
(125 Leva)
(1,000 Leva)
(10,000 Leva)
(20,000 Leva)


Burundi


10 Francs
25 Francs
50 Francs
100 Francs


Canada


1 Dollar
2 Dollars
5 Dollars
10 Dollars
20 Dollars
50 Dollars
100 Dollars
175 Dollars
200 Dollars
350 Dollars
1 Sovereign


Cayman Islands


25 Dollars
50 Dollars
100 Dollars
250 Dollars


Chad


3,000 Francs
5,000 Francs
10,000 Francs
20,000 Francs


Chile


2 Pesos
5 Pesos
10 Pesos
20 Pesos
50 Pesos
100 Pesos
200 Pesos


China


5/20 Yuan (1/20 Oz)
10/50 Yuan (1/10 Oz)
25/100 Yuan (1/4 Oz)
50/200 Yuan (1/2 Oz)
100/500 Yuan (1 Oz)
5 (Yuan)
10 (Yuan)
20 (Yuan)
25 (Yuan)
50 (Yuan)
100 (Yuan)
150 (Yuan)
200 (Yuan)
250 (Yuan)
300 (Yuan)
400 (Yuan)
450 (Yuan)
500 (Yuan)
1,000 (Yuan)


Colombia


1 Peso
2 Pesos
2 ½ Pesos
5 Pesos
10 Pesos
20 Pesos
100 Pesos
200 Pesos
300 Pesos
500 Pesos
1,000 Pesos
1,500 Pesos
2,000 Pesos
15,000 Pesos


Congo


10 Francs
20 Francs
25 Francs
50 Francs
100 Francs


Cook Islands


100 Dollars
200 Dollars
250 Dollars


Costa Rica


5 Colones
10 Colones
20 Colones
50 Colones
100 Colones
200 Colones
1,500 Colones
5,000 Colones
25,000 Colones


Cuba


4 Pesos
5 Pesos
10 Pesos
20 Pesos
50 Pesos
100 Pesos


Cyprus


50 Pounds


Czech Republic


1,000 Korun (1,000 KC)
2,000 Korun (2,000 KC)
2,500 Korun (2,500 KC)
5,000 Korun (5,000 KC)
10,000 Korun (10,000 KC)


Czechoslovakia


1 Dukat
2 Dukat
5 Dukat
10 Dukat


Denmark


10 Kroner
20 Kroner
1,000 Kroner


Dominican Republic


30 Pesos
100 Pesos
200 Pesos
250 Pesos


Ecuador


1 Condor
10 Sucres


El Salvador


25 Colones
50 Colones
100 Colones
200 Colones
250 Colones


Equatorial Guinea


250 Pesetas
500 Pesetas
750 Pesetas
1,000 Pesetas
5,000 Pesetas


Ethiopia


400 Birr
600 Birr
10 (Dollars)
20 (Dollars)
50 (Dollars)
100 (Dollars)
200 (Dollars)


Fiji


5 Dollars
10 Dollars
200 Dollars
250 Dollars


Finland


100 Euro
1,000 Markkaa
2,000 Markkaa


France


¼ Euro
10 Euro
20 Euro
50 Euro
100 Euro
200 Euro
250 Euro
500 Euro
1,000 Euro
5,000 Euro
5 Francs
10 Francs
20 Francs
40 Francs
50 Francs
100 Francs
500 Francs
655.97 Francs


Gabon


10 Francs
25 Francs
50 Francs
100 Francs
1,000 Francs
3,000 Francs
5,000 Francs
10,000 Francs
20,000 Francs


Gambia


200 Dalasis
500 Dalasis
1 000 Dalasis


Germany


1 DM
100 Euro


Gibraltar


1/25 Crown
1/10 Crown
1/5 Crown
1/2 Crown
1 Crown
2 Crowns
50 Pence
1 Pound
5 Pounds
25 Pounds
50 Pounds
100 Pounds
1/25 Royal
1/10 Royal
1/5 Royal
½ Royal
1 Royal


Guatemala


5 Quetzales
10 Quetzales
20 Quetzales


Guernsey


1 Pound
5 Pounds
10 Pounds
25 Pounds
50 Pounds
100 Pounds


Guinea


1,000 Francs
2,000 Francs
5,000 Francs
10,000 Francs


Haiti


20 Gourdes
50 Gourdes
100 Gourdes
200 Gourdes
500 Gourdes
1,000 Gourdes


Honduras


200 Lempiras
500 Lempiras


Hong Kong


1,000 Dollars


Hungary


1 Dukat
4 Forint = 10 Francs
8 Forint = 20 Francs
50 Forint
100 Forint
200 Forint
500 Forint
1,000 Forint
5,000 Forint
10,000 Forint
20,000 Forint
50,000 Forint
100,000 Forint
500,000 Forint
10 Korona
20 Korona
100 Korona


Iceland


500 Kronur
10,000 Kronur


India


1 Mohur
15 Rupees
1 Sovereign


Indonesia


2,000 Rupiah
5,000 Rupiah
10,000 Rupiah
20,000 Rupiah
25,000 Rupiah
100,000 Rupiah
200,000 Rupiah


Iran


(½ Azadi)
(1 Azadi)
(¼ Pahlavi)
(½ Pahlavi)
(1 Pahlavi)
(2½ Pahlavi)
(5 Pahlavi)
(10 Pahlavi)
50 Pound
500 Rials
750 Rials
1,000 Rials
2,000 Rials


Iraq


(5 Dinars)
(50 Dinars)
(100 Dinars)


Isle of Man


1/20 Angel
1/10 Angel
¼ Angel
½ Angel
1 Angel
5 Angel
10 Angel
15 Angel
20 Angel
1/25 Crown
1/10 Crown
1/5 Crown
½ Crown
1 Crown
50 Pence
1 Pound
2 Pounds
5 Pounds
50 Pounds
(1/2 Sovereign)
(1 Sovereign)
(2 Sovereigns)
(5 Sovereigns)


Israel


20 Lirot
50 Lirot
100 Lirot
200 Lirot
500 Lirot
1,000 Lirot
5,000 Lirot
5 New Sheqalim
10 New Sheqalim
20 New Sheqalim
5 Sheqalim
10 Sheqalim
500 Sheqel


Italy


20 Euro
50 Euro


Ivory Coast


10 Francs
25 Francs
50 Francs
100 Francs


Jamaica


100 Dollars
250 Dollars


Jersey


1 Pound
2 Pounds
5 Pounds
10 Pounds
20 Pounds
25 Pounds
50 Pounds
100 Pounds
1 Sovereign


Jordan


2 Dinars
5 Dinars
10 Dinars
25 Dinars
50 Dinars
60 Dinars


Katanga


5 Francs


Kenya


100 Shillings
250 Shillings
500 Shillings


Kiribati


150 Dollars


Latvia


100 Latu


Lesotho


1 Loti
2 Maloti
4 Maloti
10 Maloti
20 Maloti
50 Maloti
100 Maloti
250 Maloti
500 Maloti


Lithuania


100 Litu
500 Litu


Luxembourg


5 Euro
10 Euro
20 Euro
20 Francs
40 Francs


Macau


250 Patacas
500 Patacas
1,000 Patacas
10,000 Patacas


Malawi


250 Kwacha


Malaysia


100 Ringgit
200 Ringgit
250 Ringgit
500 Ringgit


Mali


10 Francs
25 Francs
50 Francs
100 Francs


Malta


50 Euro
5 (Liri)
10 (Liri)
20 (Liri)
25 (Liri)
50 (Liri)
100 (Liri)
LM 25


Marshall Islands


20 Dollars
50 Dollars
200 Dollars


Mauritius


100 Rupees
200 Rupees
250 Rupees
500 Rupees
1,000 Rupees


Mexico


1/20 Onza
1/10 Onza
¼ Onza
½ Onza
1 Onza
2 Pesos
2½ Pesos
5 Pesos
10 Pesos
20 Pesos
50 Pesos
250 Pesos
500 Pesos
1,000 Pesos
2,000 Pesos


Monaco


10 Euro
20 Euro
100 Euro
20 Francs
100 Francs
200 Francs


Mongolia


750 (Tugrik)
1,000 (Tugrik)


Nepal


1 Asarphi
1,000 Rupees


Netherlands


(1 Dukaat)
(2 Dukaat)
10 Euro
20 Euro
50 Euro
1 Gulden
5 Gulden
10 Gulden


Netherlands Antilles


5 Gulden
10 Gulden
50 Gulden
100 Gulden
300 Gulden


New Zealand


5 Dollars
10 Dollars
150 Dollars
1.56 grammes/1/20 ounce
3.11 grammes/1/10 ounce
7.77 grammes/1/4 ounce
15.56 grammes/1/2 ounce
31.1 grammes/1 ounce


Nicaragua


50 Cordobas


Niger


10 Francs
25 Francs
50 Francs
100 Francs


Norway


1,500 Kroner


Oman


25 Baisa
50 Baisa
100 Baisa
¼ Omani Rial
½ Omani Rial
Omani Rial
5 Omani Rials
10 Omani Rials
15 Omani Rials
20 Omani Rials
25 Omani Rials
75 Omani Rials


Pakistan


3,000 Rupees


Panama


100 Balboas
500 Balboas


Papua New Guinea


100 Kina


Peru


1/5 Libra
½ Libra
1 Libra
5 Soles
10 Soles
20 Soles
50 Soles
100 Soles


Philippines


1,000 Piso
1,500 Piso
5,000 Piso


Poland


50 Zlotych (orzel bielik)
50 Zlotych
100 Zlotych (orzel bielik)
100 Zlotych
(exception 100 Zlotych 'Beatyfikacja Jana Pawla II 1 V 2011')
200 Zlotych (orzel bielik)
200 Zlotych
500 Zlotych (orzel bielik)


Portugal


1 Escudo
100 Escudos
200 Escudos
500 Escudos
5 Euro
8 Euro
10,000 Reis


Rhodesia


1 Pound
5 Pounds
10 Shillings


Russia


1 (Chervonet)
15 (Roubles)
25 (Roubles)
50 (Roubles)
100 (Roubles)
200 (Roubles)
1,000 (Roubles)
10,000 (Roubles)


Rwanda


10 Francs
25 Francs
50 Francs
100 Francs


San Marino


20 Euro
50 Euro
1 Scudo
2 Scudi
5 Scudi
10 Scudi


Saudi Arabia


1 guinea (= 1 Saudi Pound)


Senegal


10 Francs
25 Francs
50 Francs
100 Francs
250 Francs
500 Francs
1,000 Francs
2,500 Francs


Serbia


10 Dinara
20 Dinara


Seychelles


1,000 Rupees
1,500 Rupees


Sierra Leone


20 Dollars
50 Dollars
100 Dollars
250 Dollars
500 Dollars
2,500 Dollars
¼ Golde
½ Golde
1 Golde
5 Golde
10 Golde
1 Leone


Singapore


1 Dollar
2 Dollars
5 Dollars
10 Dollars
20 Dollars
25 Dollars
50 Dollars
100 Dollars
150 Dollars
250 Dollars
500 Dollars


Slovakia


100 Euro
5,000 Korun (5,000 Sk)
10,000 Korun (10,000 Sk)


Slovenia


100 Euro
5,000 Tolars
20,000 Tolars
25,000 Tolars


Solomon Islands


10 Dollars
25 Dollars
50 Dollars
100 Dollars


Somalia


20 Shillings
50 Shillings
100 Shillings
200 Shillings
500 Shillings
1,500 Shillings


South Africa


1/10 Krugerrand
¼ Krugerrand
½ Krugerrand
1 Krugerrand
1/10 Oz Natura
¼ Oz Natura
½ Oz Natura
1 Oz Natura
½ Pond
1 Pond
1/10 Protea
1 Protea
1 Rand
2 Rand
5 Rand
25 Rand
½ Sovereign (= ½ Pound)
1 Sovereign (= 1 Pound)


South Korea


2,500 Won
20,000 Won
25,000 Won
30,000 Won
50,000 Won


Spain


2 (Escudos)
10 (Escudos)
20 Euro
100 Euro
200 Euro
400 Euro
10 Pesetas
20 Pesetas
25 Pesetas
5,000 Pesetas
10,000 Pesetas
20,000 Pesetas
40,000 Pesetas
80,000 Pesetas
100 (Reales)


Sudan


25 Pounds
50 Pounds
100 Pounds


Suriname


20 Dollars
50 Dollars
100 Gulden


Swaziland


2 Emalangeni
5 Emalangeni
10 Emalangeni
20 Emalangeni
25 Emalangeni
50 Emalangeni
100 Emalangeni
250 Emalangeni
1 Lilangeni


Sweden


5 Kronor
10 Kronor
20 Kronor
1,000 Kronor
2,000 Kronor


Switzerland


10 Francs
20 Francs
50 Francs
100 Francs


Syria


(½ Pound)
(1 Pound)


Tanzania


1,500 Shilingi
2,000 Shilingi


Thailand


(150 Baht)
(300 Baht)
(400 Baht)
(600 Baht)
(800 Baht)
(1,500 Baht)
(2,500 Baht)
(3,000 Baht)
(4,000 Baht)
(5,000 Baht)
(6,000 Baht)


Tonga


½ Hau
1 Hau
5 Hau
¼ Koula
½ Koula
1 Koula


Tristan de Cuhna


2 Pounds
5 Pounds
Quarter Sovereign
Half Sovereign
Sovereign


Tunisia


2 Dinars
5 Dinars
10 Dinars
20 Dinars
40 Dinars
75 Dinars
10 Francs
20 Francs
100 Francs
5 Piastres


Turkey


(25 Kurush) (= 25 Piastres)
(50 Kurush) (= 50 Piastres)
(100 Kurush) (= 100 Piastres)
(250 Kurush) (= 250 Piastres)
(500 Kurush) (= 500 Piastres)
½ Lira
1 Lira
500 Lira
1,000 Lira
10,000 Lira
50,000 Lira
100,000 Lira
200,000 Lira
1,000,000 Lira
60,000,000 Lira


Turks & Caicos Islands


100 Crowns


Tuvalu


50 Dollars


Uganda


50 Shillings
100 Shillings
500 Shillings
1,000 Shillings


United Arab Emirates


(500 Dirhams)
(750 Dirhams)
(1,000 Dirhams)


United Kingdom


(1/3 Guinea)
(½ Guinea)
50 Pence
2 Pounds
5 Pounds
10 Pounds
25 Pounds
50 Pounds
100 Pounds
Quarter Sovereign
(1/2 Sovereign) (=1/2 Pound)
(1 Sovereign) (= 1 Pound)
(2 Sovereigns)
(5 Sovereigns)


Uruguay


5,000 Nuevo Pesos
20,000 Nuevo Pesos
5 Pesos


USA


1 Dollar
2.5 Dollars
5 Dollars
10 Dollars (American Eagle)
20 Dollars
25 Dollars
50 Dollars


Vatican


20 Euro
50 Euro
10 Lire Gold
20 Lire
100 Lire Gold


Venezuela


(10 Bolivares)
(20 Bolivares)
(100 Bolivares)
1,000 Bolivares
3,000 Bolivares
5,000 Bolivares
10,000 Bolivares
5 Venezolanos


Western Samoa


50 Tala
100 Tala


Yugoslavia


20 Dinara
100 Dinara
200 Dinara
500 Dinara
1,000 Dinara
1,500 Dinara
2,000 Dinara
2,500 Dinara
5,000 Dinara
1 Ducat
4 Ducats


Zaire


100 Zaires


Zambia


250 Kwacha


Table 2: UK list of additional coins recognised as investment gold coins

Country of issue


Denomination of the coins


Austria


20 Corona (= 20 Kronen)


Finland


10 Markkaa
20 Markkaa


Germany


10 Mark
20 Mark
200 Euro


Greece


20 Drachmai
2,500 Drachmai
5,000 Drachmai
100 Euro


Italy


10 Lire
20 Lire
40 Lire
80 Lire
100 Lire


Liberia


12 Dollars
20 Dollars
25 Dollars
30 Dollars
50 Dollars
100 Dollars
200 Dollars
250 Dollars
500 Dollars
2,500 Dollars


Norway


10 Kroner
20 Kroner


Poland


10 Zlotych
20 Zlotych


Romania


12 ½ Lei
20 Lei
25 Lei
50 Lei
100 Lei
500 Lei
1,000 Lei
2,000 Lei
5,000 Lei


Russia


5 (Roubles)
7 ½ (Roubles)
10 (Roubles)


Slovenia


180 Euro
2,500 Tolars


Your rights and obligations

Your Charter explains what you can expect from us and what we expect from you. For more information go to Your Charter.

Do you have any comments or suggestions?

If you have any comments or suggestions to make about this notice, please write to:

HM Revenue and Customs
VAT Financial & IPT Team
Room 3C/12
3rd Floor
100 Parliament Street
London
SW1A 2BQ

Please note this address is not for general enquiries.

For your general enquiries please phone our Helpline 0300 200 3700.

Putting things right

If you are unhappy with our service, please contact the person or office you have been dealing with. They will try to put things right. If you are still unhappy, they will tell you how to complain.

If you want to know more about making a complaint go to www.hmrc.gov.uk and under quick links, select Complaints and appeals.

How we use your information

HMRC is a Data Controller under the Data Protection Act 1998. We hold information for the purposes specified in our notification to the Information Commissioner, including the assessment and collection of tax and duties, the payment of benefits and the prevention and detection of crime, and may use this information for any of them.

We may get information about you from others, or we may give information to them. If we do, it will only be as the law permits to:

  • check the accuracy of information
  • prevent or detect crime
  • protect public funds.

We may check information we receive about you with what is already in our records. This can include information provided by you, as well as by others, such as other government departments or agencies and overseas tax and customs authorities. We will not give information to anyone outside HMRC unless the law permits us to do so. For more information go to www.hmrc.gov.uk and look for Data Protection Act within the Search facility.

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$START-DATA$ title=Investment gold coins^ summary=VAT Notice 701/21A: Lists the gold coins considered to be investment gold coins for the purposes of the VAT exemption detailed in Group 15 to Schedule 9 of the Value Added Tax Act 1994.^ doctype=PublicNotice^ date=21-Jan-2014^ author=hd114469^ $END-DATA$
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