The classification for VAT purposes of a disposal of a weight account balance depends on the nature of the service. The decisive factor for the qualification for VAT purposes is the underlying transaction.
1. weight account movement without underlying transaction
Pure transfer postings, i.e. weight account movements that are not based on underlying transactions, are irrelevant for VAT purposes.
Example 1:
Entrepreneur A has a credit balance on his weight account at bank B1. He transfers part of this credit balance to his weight account at bank B2. A
physical delivery of precious metals is neither intended nor agreed.
The transfer does not lead to an exchange of services between the banks involved
B1 and B2 and the entrepreneur A, because entrepreneur A only has the credit balance on his weight account.
credit balance on his weight accounts.
Example 2:
Entrepreneur A delivers metal in any form to Scheideanstalt S. The quantity of metal delivered is credited to A’s weight account held at S.
The delivery of metal by A with simultaneous crediting to the
A’s weight account does not constitute a situation subject to VAT.
Source: bundesfinanzministerium.de
