# Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax, Article 344

Extent: E+W+S+N.I.

1. For the purposes of this Directive, and without prejudice to other Community provisions, ‘investment gold’ shall mean:
(1) gold, in the form of a bar or a wafer of weights accepted by the bullion markets, of a purity equal to or greater than 995 thousandths, whether or not represented by securities;
(2) gold coins of a purity equal to or greater than 900 thousandths and minted after 1800, which are or have been legal tender in the country of origin, and are normally sold at a price which does not exceed the open market value of the gold contained in the coins by more than 80 %.
2. Member States may exclude from this special scheme small bars or wafers of a weight of 1 g or less.
3. For the purposes of this Directive, the coins referred to in point (2) of paragraph 1 shall not be regarded as sold for numismatic interest.

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Source: https://www.legislation.gov.uk/eudr/2006/112/article/344 (the official version)
Page: https://openlegislation.uk/eu-directive-2006-112/article-344
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.