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Sam, Accountant
Category: UK Tax
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Is there import duty on gold from foreign countries bullion

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Is there import duty on gold from foreign countries? bullion and or lesser purities.



Thanks for your question.


Generally there is no import duty on Gold if it is deemed to be investment gold, which means that it has to have a purity of no less than 995 thousandths is if the form of a bar, wafer or weight accepted by bullion markets.


Lesser purities are a different matter -

I have added a link here re the import of gold, and what action has to be taken when - any more detailed infroamtion should be sought from Customs

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