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Written question asked by Richard Holden (Conservative) on Tuesday, 16 June 2020, in the House of Commons. It was due for an answer on Thursday, 18 June 2020. It was answered by Jesse Norman (Conservative) on Wednesday, 24 June 2020 on behalf of the Treasury.


Silver: VAT

Question

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.

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.


Secondary information

Type
Written question
Reference
59907
Session
2019-21
Subjects
Finance VAT Silver
Contains statistics
Yes
Link
View this Written question on www.parliament.uk