- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
The transfer was carried out partially by buying and selling and partly by physically transferring gold, the Dutch national bank said.
The transfer was carried out partially by buying and selling and partly by physically transferring gold, the Dutch national bank said.
Does this count as an import to the UK and do/can they tariff it?
The gold is a financial instrument and not a purchased commercial product being imported for consumption, so it is not subject to import duties or tax.
They’re banks, ofc they have some convoluted financial trick not to pay.