@extends('layouts.app')
@section('title','Sell Gold')

@section('content')
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               <h2>VAT On Bullion</h2>
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                        <h6>VAT on Bullion in the UK</h6>
                        <p>
                          In the United Kingdom, bullion products generally carry a 20% VAT (Value Added Tax). This rate has been consistent since 2025.                        </p>
                        <p>The key exception to this rule is investment gold, which has been exempt from VAT for many years. This exemption also extends across the wider European Union.</p>
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                        <h6>Gold Bullion</h6>
                        <p>
                          At SLJ Trusted Jewels, our gold bars and coins are completely free from VAT, making them a straightforward investment option.
                        </p>
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                        <h6>How the Gold Price is Set</h6>
                        <p>The global gold price is established through auctions run by the London Bullion Market Association (LBMA).</p>
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                           <li>
                             These auctions operate in short, timed rounds (usually 45 seconds).
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                           <li>
                             After each round, the difference between the total demand and supply is measured.
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                           <li>If that difference is larger than 20,000, the ICE Benchmark Administration (IBA) continues the process with a new adjusted price until balance is reached.</li>
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                        <p>This system ensures that the gold market remains transparent and stable.</p>
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                        <h6>Why is Gold Free from VAT?</h6>
                        <p>We take appropriate technical and organizational measures to protect your personal data from unauthorized access, loss, or misuse. However, no system is completely secure, and we cannot guarantee 100% security.</p>
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                        <h6>5. Your Rights</h6>
                        <p>The exemption dates back to 1999, when the European Union decided to remove VAT from investment gold.</p>
                        <ul>
                           <li>Prior to this, some countries charged very little VAT as an incentive to attract buyers.</li>
                           <li>
                            Others, including the UK, charged full VAT, making them less competitive.
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                           <li>
                            To create fairness across member states, VAT on gold was abolished.
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                        </ul>
                        <p>
                          This reform took effect on 1 January 2000, and it continues to apply today.
                        </p>
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                        <h6>Why Does Silver Still Have VAT?</h6>
                        <p>Silver is treated like an everyday purchase — much like buying a phone, a car, or a television.</p>
                        <ul>
                          <li>As such, silver bullion is subject to the standard 20% VAT.</li>
                          <li>Anyone investing in silver should be aware of this additional cost when making purchases.</li>
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                        <h6>Important Note for Investors</h6>
                        <p>
                          If you are VAT-registered, you may be able to recover VAT paid on silver purchases. This depends entirely on your own circumstances, so professional advice is essential.
                        </p>
                        <p>
                          At SLJ Trusted Jewels, we are not financial advisors or accountants and therefore cannot provide individual guidance on VAT.
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