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Silver: VAT

Question for Treasury

UIN 59907, tabled on 16 June 2020

To ask the Chancellor of the Exchequer, how much revenue is raised annually for the public purse from VAT on sales of silver bullion (a) coins and (b) bars.

Answered on

24 June 2020

HM Revenue and Customs do not hold data on VAT collected specifically from the sale of silver bullion, as information on supplies of specific commodities is not required on VAT returns.

HMRC record and publish annually details of VAT receipts across trade sectors and subsectors, but not of specific commodities.

Answered by

Treasury