Investment gold has been VAT exempt in the UK since 2000, provided it is at least 995 fine for bars, or a legal tender coin of at least 900 fine sold at a small premium. That covers everything in our gold range.
Silver, platinum and palladium have no such exemption. They are standard rated, so VAT at 20% is included in every silver, platinum and palladium price on this site. You cannot reclaim it unless you are a VAT-registered business buying for a business purpose.
What that means for silver as an investment
Silver has to rise by about 20% before you break even on a coin bought at retail, on top of the dealer premium. Silver Britannias are at least capital gains tax free, which helps on the way out.