# Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax, Article 346

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

Member States shall exempt from VAT the supply, the intra-Community acquisition and the importation of investment gold, including investment gold represented by certificates for allocated or unallocated gold or traded on gold accounts and including, in particular, gold loans and swaps, involving a right of ownership or claim in respect of investment gold, as well as transactions concerning investment gold involving futures and forward contracts leading to a transfer of right of ownership or claim in respect of investment gold.

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Source: https://www.legislation.gov.uk/eudr/2006/112/article/346 (the official version)
Page: https://openlegislation.uk/eu-directive-2006-112/article-346
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.