UK Plans to Cancel TAX FREE for International Tourists

A UK government plan to scrap VAT refunds for international visitors by the end of the year could cost the country billions of pounds.

In a letter to the chancellor, the heads of companies such as Marks & Spencer, Heathrow and Selfridges say the move puts 70,000 jobs at risk.

As the BBC article points out, under the VAT Retail Export Scheme (with VAT resources), visitors can get back the VAT they pay on products purchased in the UK.

The International Retail Trade Association (AIR) has called on the chancellor to reconsider "this devastating decision" before the UK becomes the only European country to impose VAT on international visitors. "This will hurt the tourism, retail and leisure industries, especially now, during the Covid-19 era," said Paul Barnes, AIR chief.

According to Visit Britain, international tourists spent 6 billion on shopping in the UK in 2018, with tourists applying for tax 3.5bn in tax free and claimed 2.5bn.

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With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
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Economy

UK Plans to Cancel TAX FREE for International Tourists

A UK government plan to scrap VAT refunds for international visitors by the end of the year could cost the country billions of pounds.

Last 7 Days Hot Topic

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UK Plans to Cancel TAX FREE for International Tourists

A UK government plan to scrap VAT refunds for international visitors by the end of the year could cost the country billions of pounds.

Last 7 Days Hot Topic

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 04

Georgia Sees Surge in Electric Vehicle Registrations 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
04

Georgia Sees Surge in Electric Vehicle Registrations
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06