Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the loss of revenue to the Exchequer as a result of the effect of the ivory ban set out in the Ivory Bill.

The Ivory Bill will prevent the poaching of elephants by introducing a total ban, with narrow and limited exemptions, on sales in the UK that contribute directly or indirectly to the poaching of elephants.

At present, sales of ivory by VAT registered businesses are subject to VAT under normal VAT rules. The Government’s assessment of the Ivory Bill’s impact on sales of ivory is available online at:

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/710369/ivory-bill-ia.pdf