PARLIAMENTARY WRITTEN QUESTION
Silver: VAT (16 June 2020)
Question Asked
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.
Asked by:
Mr Richard Holden (Conservative)
Asked by:
Mr Richard Holden (Conservative)
Answer
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:
Jesse Norman (Conservative)
24 June 2020
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