AIR 01.31.23 Following the submission for Novermber 2022 Budget, AIR and UKinbound asked the Chancellor to look again at requesting the Office for Budget Responsibility. To read more, please click here.
Sir Geoffrey Clifton-Brown MP tables Written PQs on Tax-free shopping.
In the House of Lords Debate, Lord Vaizey questioned the government that what wastheir assessment of the impact on the United Kingdom economy of the abolition of tax-free shopping. For the full content, please click here.
DCMS 24.10.22 Tourism is a cornerstone of the British economy. As one of the most popular destinations in the world, with its heritage, culture and landscape drawing millions of visitors every year, Britain is a global brand. Inbound tourism is the UK’s third largest service export, worth 9% of GDP, and is the industry on which 3.2 million jobs and … Read More
AIR 11.03.22 On November 3rd 2022, AIR makes joint Budget Submission with UKInbound to the Chancellor. In the Budget Submission, we are writing to request that the Chancellor asks the Office of Budget Responsibility to review HM Treasury’s estimate of the costs of the scheme in light of a new report published today by Oxford Economics into the full economic … Read More
Evening Standard Ed Vaizey 15.12.22 Last week, Jeremy Hunt unveiled the “Edinburgh Reforms”, with the aim of revolutionising the UK’s financial service sector, seizing the benefits of Brexit and promoting growth. Today, in the House of Lords, I will be making the case for the Chancellor to take another look at the tax-free shopping scheme as a vital growth measure. The Chancellor … Read More
The Times Sir Geoffrey Clifton-Brown 15.11.22 When the chancellor cancelled most of the proposals in the poorly-received former Growth Plan, he calmed the markets. But he also threw away one growth measure that had been widely welcomed — the reintroduction of tax-free shopping. Restoring tax-free shopping for international visitors was set to deliver a multi-billion pound boost to Britain’s tourism, … Read More
Financial Times Daniel Thomas, Jim Pickard, Oliver Barnes 17.10.22 Paul Barnes, chief executive of the Association of International Retail, said the decision to reverse plans to reintroduce VAT-free shopping for international visitors “will come as a hammer blow to UK tourism and the British high street”. To read more, click here.
Drapers Zoe Hu and Sabina Weston The government announced plans last month to consult on introducing a new tax-free shopping scheme for Great Britain, and said it would modernise the one in place in Northern Ireland. The government abolished the VAT Retail Export Scheme (RES) on 31 December 2020, when the Brexit transition period ended, arguing that it offered little benefit to many … Read More
Emily Hawkins 20.10.22 Scrapping VAT free shopping for tourists is a “major blow” for London and the country’s economy, a group representing luxury stores in the West End and other retail hotspots has said. Paul Barnes, chief executive of the Association of International Retail (AIR) – whose members range from Bicester Airport to Heathrow Airport – told CityA.M. the policy had been “one … Read More