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Remove the VAT on silver bullion

Submitted on Thursday 4th August 2011

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Remove the VAT on silver bullion

Additional Information

In current economic times increasing numbers of people are looking to precious metals, namely gold and silver, as a store of wealth and a hedge against inflation.

China is now a huge importer of precious metals and its government is encouraging citizens to invest in these commodities by relaxing its trade restrictions. I think we need to do the same.

Here in the UK, VAT isn't charged for investment gold. However, the same cannot be said for silver bullion. Please help to make silver bullion a more attractive investment for the general public by removing the VAT.

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This petition was rejected

The Government e-Petitions Team gave the following reason:

There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

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