Submitted on Thursday 4th August 2011
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: duplicate (see below for details)
Remove the VAT on silver bullion
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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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.
18.222.118.236 Mon, 23 Dec 2024 03:55:49 +0000
