Rejected petition Remove the VAT on silver bullion

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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.

This petition was rejected

Why was this petition rejected?

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.

We only reject petitions that don’t meet the petition standards.

Date submitted 4 August 2011
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