Good day;
There seems to be a business opportunity where i can buy gold with around 90% purity in bulk at a low price. I am thinking on setting up a trade company where i can import that gold in UK and turn it in to investment grade. The question is, is there a way to import it and then refine it in to investment grade without paying any VAT and/or customs related tax? Say, I import the gold and within a few days, send it to refinery and turn it in to investment grade. Is there some kind of a transition period where i can take such action ?
There seems to be a business opportunity where i can buy gold with around 90% purity in bulk at a low price. I am thinking on setting up a trade company where i can import that gold in UK and turn it in to investment grade. The question is, is there a way to import it and then refine it in to investment grade without paying any VAT and/or customs related tax? Say, I import the gold and within a few days, send it to refinery and turn it in to investment grade. Is there some kind of a transition period where i can take such action ?