eddie0737
Member
- Joined
- Nov 7, 2009
- Messages
- 10
Hi all,
Been lurking on and off now since 2009. In the last 6 months I have finally got things moving and done some small scale processing using Steve AP process for boards.
To cut a long story short when dealing with refiners in the UK. I seem to come up against a common issue in my quest to get the best prices - 98% plus. The issue is one regarding VAT and specifically the fact that I am not VAT registered. According to some they cannot give me the best rate due to the Special Accounting Scheme
http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal_nfpb=true&_pageLabel=pageVAT_ShowContent&id=HMCE_CL_000104&propertyType=document#P428_36398)
This means that they have to account for VAT differently and so this impacts on the rates they can give. 98% is out of the question and I have been quoted more like 90% for a 5oz ingot that I have assayed. It is coming in at 52.3% AU. Even if I had a higher assay it would prove difficult to get near 95%
Can any one recommend a refiner in the UK ( I am based in London ) who is happy to deal with non VAT reg people and can offer near 98% of the London Fix? Happy to travel as long as it is within the UK
Thanks
Been lurking on and off now since 2009. In the last 6 months I have finally got things moving and done some small scale processing using Steve AP process for boards.
To cut a long story short when dealing with refiners in the UK. I seem to come up against a common issue in my quest to get the best prices - 98% plus. The issue is one regarding VAT and specifically the fact that I am not VAT registered. According to some they cannot give me the best rate due to the Special Accounting Scheme
http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal_nfpb=true&_pageLabel=pageVAT_ShowContent&id=HMCE_CL_000104&propertyType=document#P428_36398)
This means that they have to account for VAT differently and so this impacts on the rates they can give. 98% is out of the question and I have been quoted more like 90% for a 5oz ingot that I have assayed. It is coming in at 52.3% AU. Even if I had a higher assay it would prove difficult to get near 95%
Can any one recommend a refiner in the UK ( I am based in London ) who is happy to deal with non VAT reg people and can offer near 98% of the London Fix? Happy to travel as long as it is within the UK
Thanks