Third-party data reporting

Do you report my trading activity to anyone?

BullionVault will report your activity to duly authorized government agencies only when required by UK law.  

The UK’s Platform Operators (Due Diligence and Reporting Requirements) Regulations 2023 require us to report the trading activity of certain sellers to HMRC. 

We are also required by UK law to report any suspicions of money laundering, terrorist financing or other criminal activity.

What are the Platform Operator Regulations?

The Platform Operators Regulations require digital platforms like BullionVault to report the specified data to HM Revenue & Customs (HMRC) for users that meet certain criteria.

What are the reporting criteria?

BullionVault must report details of users who both:

  • meet certain sale thresholds throughout the calendar year, and
  • are primarily tax-resident in a Reportable Jurisdiction.
Reportable Jurisdictions

Reportable Jurisdictions are defined by HMRC’s guidance (IEIM901820):

  • United Kingdom
  • Bulgaria
  • Canada
  • Ireland
  • Latvia
  • Spain
  • Sweden

This list is correct as of August 2025 but may change over time.

Sales thresholds

BullionVault is required to report sales activity for user accounts where:

  • more than 30 sales transactions are completed in a calendar year, or
  • gross proceeds from sales exceed €2,000 (or local currency equivalent) in that year.

These thresholds apply to sales of bullion only. Deposits, purchases or precious-metal holdings do not trigger a reporting requirement. 

Once either threshold is met, the account becomes reportable (provided the user is in a reportable jurisdiction).

What information will BullionVault report to HMRC?

When required, BullionVault will submit the following on reportable sellers:

Identifying information:

  • Full name
  • Address
  • Date of birth (for individuals)
  • Tax Identification Number (TIN). The TIN may be called something different in your jurisdiction. E.g. for a UK individual, the TIN is usually the National Insurance Number (NINO)
  • Jurisdiction that issued the TIN
  • Financial account identifiers, where available

Account activity for the qualifying calendar year (broken down by calendar quarter):

  • Gross sales proceeds
  • Number of sales transactionsFees (commission) charged by BullionVault

HMRC may forward this information to relevant tax authorities in partner jurisdictions.

Only sales activity is reported. No information is passed about deposits, purchases, size of holdings or any profit/loss from your sales.

Can I see what has been reported to HMRC?

Yes. If your account has met the reporting thresholds in the preceding calendar year and a submission has been made to HMRC, we will let you know by email that we have done so. You will also be able to view the submission details by logging in to the BullionVault website and going to: History > Annual sales report.

This page will display the all the information reported to HMRC under the Platform Operators Regulations.

If you have not received any such email from us and cannot see Annual sales report in the History menu of the website, it means that no report has been submitted for the logged-in account.

What do I need to do?

If you fall under these rules, BullionVault may reach out to you to:

  • Confirm or correct your personal or tax details
  • Provide missing tax residence information or a valid TIN

Please respond promptly: accurate information is essential for legal compliance.

What happens if I don’t provide my tax details?

We will still proceed with reporting based on the incomplete data we hold and may be forced to restrict access to your BullionVault account until we receive the missing information. 

How is my information protected?

All data handling complies with UK data protection laws, including the UK General Data Protection Regulation (UK GDPR). Information is transmitted securely to HMRC.

Need help?

If you’re uncertain about whether the rules apply to you or have questions about our reporting process, please contact us. We're happy to clarify your obligations and our responsibilities under UK law.