Petition · past parliament · HM Treasury
Abolish VAT on Silver Bullion in the UK
Closed
385 signatures
What the petition asks
Currently, investments in physical Gold aren't subject to VAT but investments in physical Silver are. I'd like purchases of Silver Bullion to be treated the same as purchases in Gold Bullion and as such, VAT on physical Silver Bullion purchases to be abolished in the UK.
In the past, Gold was also subject to VAT but this was changed because other countries in the EU didn't charge VAT. This meant that the UK was at a disadvantage compared with other EU member states.
The exemption meant that for VAT purposes, Gold would be treated the same as other investments, such as stocks and shares.
Currently the same situation is taking place with Silver where a number of countries including the USA, Canada and others don't charge VAT on purchases on Silver.
The exemption meant that for VAT purposes, Gold would be treated the same as other investments, such as stocks and shares.
Currently the same situation is taking place with Silver where a number of countries including the USA, Canada and others don't charge VAT on purchases on Silver.
Timeline
| 29 Mar 2021 | Petition opened for signatures |
| 29 Sep 2021 | Closed to new signatures |
Key facts
Signatures
385
Status
Closed
Department
HM Treasury
Opened
29 Mar 2021
Closed
29 Sep 2021
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Source: the official petition page. Last checked 15 Jul 2026.