Submitted on Sunday 14th April 2013
Published on Monday 15th April 2013
Current status: Closed
Closed: Tuesday 15th April 2014
Signatures: 11
Silver coins, silver bullion and VAT
Action:No VAT On Silver Coins or Silver Bullion Coins
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Although gold bullion and coins are VAT free silver carries 20% VAT. This is very unfair !
Gold is valued over 1000.00/ounce, but silver is a viable option for people on lower incomes. Although industry uses silver, there's no VAT on copper pennies or two-pence, copper also used in industry.
Both gold and silver coins should become legal tender. British currency has historically been known as 'Sterling' for good reason, and should be returned as such in addition to current coinage. Germany is replacing Britain as the European home of 'silver' with 7% vat and attracting local silver trading.
Food and energy costs are rising higher than general CPI rates, and the tiny rates of bank interest available erodes British savings. We need additional currency with intrinsic value and no charges.
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18.116.36.192 Thu, 02 May 2024 00:15:21 +0100
