This petition was submitted during the 2015-2017 parliament
Petition Remove VAT on investment silver coins and bars.
Silver coins and bars are an accessible long term investment for many people. The application of VAT on silver is unfair.
There is no VAT on investment gold coins and bars which favours wealthier investors. Some EU states do not charge VAT on silver bullion which gives them an unfair advantage.
More details
Silver has been bought as a store of value for centuries. Most investments do not attract VAT for example stocks, shares, bonds, savings accounts, property and gold bullion.
1 Kilogram silver bars and 1oz silver Britannia coins are the most commonly purchased silver investments in the UK.
This petition is closed This petition ran for 6 months
31 signatures
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10,000 signatures required to get a government response