council direct ec octob supplement common system ad tax amend direct eec special scheme invest gold council european union regard treati establish european commun articl thereof regard propos commiss regard opinion european parliament regard opinion econom social committe sixth council direct eec harmonis law member state relat turnov tax common system ad tax uniform basi assess transact gold principl taxabl basi transit derog provid articl conjunct point annex direct member state continu exempt transact gold gold industri applic member state transit derog distort competit gold serv input product acquir invest purpos applic normal tax rule constitut major obstacl financi invest purpos justifi applic specif tax scheme invest gold scheme enhanc intern competit commun gold market suppli gold invest purpos similar natur financi invest exempt tax current rule sixth direct exempt tax appear tax treatment suppli invest gold definit invest gold compris form weight gold high puriti trade bullion market gold coin primarili reflect gold price case gold coin reason transpar yearli list qualifi coin drawn provid secur oper trade coin legal secur trader demand coin includ list deem fulfil criteria exempt direct year list valid list prejudic exempt case case basi coin includ newli mint coin includ list meet criteria laid direct tax exempt principl deduct input tax tax gold charg previou oper deduct input tax allow order guarante advantag special scheme avoid distort competit regard import invest gold possibl gold industri invest purpos requir possibl oper opt normal taxat activ consist produc invest gold transform gold invest gold wholesal gold suppli normal trade gold industri purpos dual gold offer opportun tax fraud tax evas requir effect control measur member state common standard minimum oblig account document held oper desir inform exist pursuant commun legisl member state requir met experi shown regard suppli gold puriti applic revers charg mechan prevent tax fraud time allevi financ charg oper justifi member state mechan import gold articl sixth direct similar tax paid moment import provid mention declar pursuant articl direct transact carri bullion market regul member state requir simplif tax treatment huge number speed oper member state allow disappli special scheme suspend tax collect dispens record requir tax scheme replac exist provis articl point annex sixth direct provis delet adopt direct articl articl ad direct eec articl special scheme invest gold definit purpos direct prejudic commun provis quot invest gold quot gold form bar wafer weight accept bullion market puriti equal greater thousandth repres secur member state exclud scheme small bar wafer weight ii gold coin puriti equal greater thousandth mint legal tender countri origin sold price exce open market gold contain coin coin purpos direct consid sold numismat interest member state inform commiss juli year start coin meet criteria trade member state commiss publish comprehens list coin quot quot seri offici journal european commun decemb year coin includ publish list deem fulfil criteria year list publish special arrang applic invest gold transact member state exempt ad tax suppli intra commun acquisit import invest gold includ invest gold repres certif alloc unalloc gold trade gold account includ gold loan swap involv ownership claim respect invest gold transact invest gold involv futur forward contract lead transfer ownership claim respect invest gold member state exempt servic agent act account interven suppli invest gold princip option tax member state taxabl person produc invest gold transform gold invest gold defin option taxat suppli invest gold taxabl person exempt member state taxabl person trade suppli gold industri purpos option taxat suppli invest gold defin taxabl person exempt member state restrict scope option supplier exercis option taxat pursuant paragraph member state option taxat agent respect servic mention paragraph member state detail option inform commiss rule applic exercis option member state deduct taxabl person entitl deduct tax due paid respect invest gold suppli person exercis option suppli pursuant procedur laid tax due paid respect suppli intra commun acquisit import gold invest gold subsequ transform behalf invest gold tax due paid respect servic suppli consist chang form weight puriti gold includ invest gold subsequ suppli gold exempt articl taxabl person produc invest gold transform gold invest gold entitl deduct tax due paid respect suppli intra commun acquisit import good servic link product transform gold subsequ suppli gold exempt articl taxabl special oblig trader invest gold member state minimum ensur trader invest gold account substanti transact invest gold document identif custom transact trader inform period year member state accept equival oblig measur adopt pursuant commun legisl council direct eec june prevent financi system purpos monei launder meet requir paragraph member state lai stricter oblig special record keep special account requir revers charg procedur derog articl amend articl case suppli gold materi semi manufactur product puriti thousandth greater suppli invest gold option refer articl exercis member state design purchas person liabl pai tax procedur condit lai exercis option member state measur ensur person design liabl tax due fulfil oblig submit statement pai tax accord articl procedur transact regul gold bullion market member state subject consult provid articl disappli exempt invest gold provid special scheme respect specif transact intra commun suppli export invest gold take place member state taxabl person member bullion market regul member state concern transact member bullion market regul member state concern taxabl person member market circumst transact taxabl appli transact purpos simplif member state authoris suspens tax collect dispens record requir ad tax transact revers charg procedur applic member bullion market transact liabl registr vat relev member state member fulfil fiscal oblig behalf member provis member state oj articl articl point annex direct eec delet articl member state bring forc law regul administr provis compli direct januari forthwith inform commiss thereof member state adopt measur refer direct accompani refer occas offici public method make refer laid member state member state commun commiss text provis domest law adopt field govern direct articl direct enter forc dai public offici journal european commun articl direct address member state luxembourg octob council presid edling oj oj oj oj direct amend direct ec oj