Gold and bank notes

V4.277 Gold

This paragraph considers the zero-rating extended to gold which is conferred by VATA 1994, Sch 8, Group 10. In particular, it examines:

  1.  

    •     the items covered by the zero-rating for gold

  2.  

    •     zero-rating of gold supplied by a Central Bank (item 1)

  3.  

    •     zero-rating of gold supplied by the London Gold Market to a Central Bank (item 2)

  4.  

    •     deemed supplies of services covered by the zero-rating for gold

Items covered by zero-rating—gold (zero-rating)

VATA 1994, Sch 8, Groups 10, items 1 and 2 provide for zero-rating of:

  1.  

    •     the supply, by a Central

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