Brands in London “suffering”: Fresh calls to scrap ‘tourist tax’ amid Mulberry losses June 28, 2023 Fresh calls have been made to reinstate VAT-free shopping for international tourists, after the chief of Mulberry warned its profits have been hit hard by it as they ditch London for Paris and Milan. Pre-tax profit at the British handbag maker fell to £13.2m in the year to April, down from £21.3m the prior year. [...]
London Stansted Airport passenger revival sparks fresh calls to scrap tourist tax October 10, 2023 London Stansted airport has beaten pre-pandemic passenger levels for the second month running, sparking fresh City calls to scrap the so-called 'tourist tax.'
Central London Alliance calls for government to cut VAT for hospitality, tourism and leisure January 23, 2024 Central London Alliance (CLA) calls on the Government to address the UK’s lack of competitiveness on the global tourism market, beginning with a cut to VAT for the hospitality, tourism and leisure industries. Figures from the Office of National Statistics (ONS) show that visits to the UK increased 112 per cent year-on-year, generating £30 billion [...]
Tourism tax: Heathrow sees rise in Chinese visitors — but they are not splashing the cash October 2, 2023 Chinese visitors have returned to numbers close to those before the pandemic — but they are not spending like they used to. Heathrow has reported that Chinese visitor numbers were at 88 per cent of 2019 levels in July, but the airport said their spending at its shops was only 33 per cent of what [...]
Scrap tourist tax before it’s too late, Fortnum & Mason boss warns November 20, 2023 The UK will lose retail sales to France if the government fails to scrap the tourist tax in the autumn statement, the boss of Fortnum & Mason has warned.
Coronation: £1m windfall for ceramics giant Halcyon Days as Brits buy King Charles plates and tea cups May 3, 2023 The chief executive of one of the UK’s biggest makers of luxury ceramics has said that Brits should not “underestimate” the value of the Royal Family, as it prepares to rack in a million pounds in sales from Coronation themed tea cups and plates. Pamela Harper, head of the Halcyon Days, a pre-eminent supplier of [...]
London’s tourist tax: 63 per cent of international tourists would spend more if levy was scrapped March 1, 2024 Some 63 per cent of international tourists would be more likely to make large purchases in the UK if tax-free shopping was re-introduced, fresh polling has revealed. The bombshell data, launched before the Spring Budget, where there have been rumours it could be scrapped, is based on a study of 8,000 people from the USA, [...]
I’d never normally protest, but Sunak is bleeding the tourist economy dry November 1, 2023 Sir Rocco Forte and a host of other business leaders are protesting over the tourist tax today. He explains why.
Tourist Tax: M&S and Primark urge Jeremy Hunt to ‘think again’ as £11.1bn wiped of GDP January 30, 2024 Business leaders are piling fresh pressure on the government to scrap its controversial tourist tax as data shows it is eating away at UK GDP and banishing international visitors.
Profit falls at Watches of Switzerland but Rolex seller maintains guidance June 27, 2024 The rolex seller reported that pretax profit fell 40 per cent in the year to April, falling from £155m to £92m.