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TITLE XIIU.K.SPECIAL SCHEMES

CHAPTER 5U.K.Special scheme for investment gold

Section 5U.K.Special rights and obligations for traders in investment gold

Article 355U.K.

Taxable persons who produce investment gold or transform gold into investment gold shall be entitled to deduct the VAT due or paid by them in respect of the supply, intra-Community acquisition or importation of goods or services linked to the production or transformation of that gold, as if the subsequent supply of the gold exempted pursuant to Article 346 were taxed.