The Law Around Selling Scrap Metal For Cash

Selling scrap metal can be a very lucrative business when the prices are high and it is no wonder why so many people want to get in on the act. 

Unwanted metal from household fixtures and fittings, cars, appliances and more can be swapped for money using local scrap metal dealers. 

But it is important to be aware of the legalities surrounding the selling of scrap metal. This way, you will avoid fines and stay on the right side of the law.

Sell what you already own.

If you simply want to earn a bit of extra money, selling what you already own is the easiest method. 

Selling your own property does not require any type of licence. 

You can simply get in touch with a local scrap metal dealer, using a service like ours to find your local scrapyard, or take the item to the dealer’s premises to get a valuation.

Heavy fines can be issued if you sell scrap metal that does not belong to you. In fact, even collecting scrap metal from friends and family to sell on is technically illegal.

Don’t accept cash for your scrap metal

Reputable scrap metal dealers can only legally pay you using bank transfer or cheque. 

Cash payments are illegal and a sign that a trader is attempting to flout tax laws. 

To ensure the best possible service, a fair valuation, and to keep on side of the law, it is best to seek out trusted scrap metal dealers in your local area. 

You can drive to a local scrap merchant, but some firms will provide a collection service.

Is a licence needed?

A licence is a legal requirement if you are intending on collecting and then selling on scrap metal that belonged to others. 

Licences can be obtained by contacting your local council or authority. There are two types of licence available. 

A site licence allows you to set up a location and collect metal related to the licenced area. 

A mobile licence lets you collect scrap on the move, anywhere in the issued council or authority jurisdiction.

Metal theft is a major problem in the UK

It is estimated that metal theft in the UK amounts to approximately £220 million a year. 

The government can issue fines of up to £5,000 to rogue traders selling scrap metal who trade in cash and have no valid licence. 

Metal theft is highly lucrative, which is why the fines are huge for anyone seeking to cut corners for personal gain. 

Therefore, be aware of rogue traders wanting to buy or take scrap metal from your skip, house clearance, or renovation. 

Always ask to see a licence and never accept payment in cash.

Find scrap metal dealers in your local area

Don’t waste hours phoning round scrapyards for the best scrap metal prices or to arrange collections! 

Let Scrap Local take the hard work out of scrapping your unwanted metal or vehicles so you don’t have to!

Selling scrap metal can be a very lucrative business when the prices are high and it is no wonder why so many people want to get in on the act. 

Unwanted metal from household fixtures and fittings, cars, appliances and more can be swapped for money using local scrap metal dealers. 

But it is important to be aware of the legalities surrounding the selling of scrap metal. This way, you will avoid fines and stay on the right side of the law.

Scrap Local

Scrap Local

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