Chancellor ‘misses a trick’ by not re-introducing tax-free shopping for overseas tourists November 17, 2022 West End business leaders have slammed the Chancellor for not changing his mind on an introduction of VAT free shopping for overseas tourists. Despite calls from luxury retailers this month, Jeremy Hunt made no mention of the prospect of introducing tax-free shopping for overseas visitors making trips to London’s shopping heartlands. Last month, Hunt announced [...]
Faberge boss eggs on UK to bring back tax-free shopping to lure back wealthy tourists August 3, 2023 The boss of Faberge has joined calls for the UK to scrap the so-called ‘tourist tax’, which a new study has claimed is costing the UK over £10bn a year. Faberge chief Anthony Lindsay has urged for the return of tax-free shopping after a recent study by the Centre for Economics and Business Research (CEBR) [...]
Tourist tax: Battersea Power Station boss urges UK to scrap levy September 3, 2023 The government is under more pressure to scrap the so-called tourist tax, after fresh criticism from the boss of Battersea Power Station.
MPs call on Jeremy Hunt to introduce duty-free shopping at UK terminals October 27, 2022 MPs have called on the Chancellor to introduce duty-free shopping for arriving passengers at UK terminals. The All-Party Parliamentary Group for the Future of Aviation wrote yesterday to Jeremy Hunt asking him to introduce VAT-free shopping at British airports, international rail and ferry terminals “to help our sector flourish and recover” from the impact of [...]
Spring Budget 2024: Business leaders livid ‘overwhelming’ case for one tax cut didn’t land March 6, 2024 Bosses, including the chief of Marks and Spencer and the head of British Airways, have reacted with fury this afternoon, following the Chancellor’s snub of the tourist tax.
Harvey Nichols boss warns tourism tax is hurting UK economy May 22, 2023 The boss of Harvey Nichols has warned that the so-called ‘tourism tax,’ created by the scrapping of tax-free shopping in 2021, is having a significant impact on the wider British economy. Chief executive Manju Malhotra told The Times that the tax was affecting not just retailers that benefit from international visitors, but the “entire ecosystem [...]
Watches of Switzerland: Tourist tax ‘biggest single frustration’ for UK retailers August 10, 2023 The government’s decision to scrap VAT-free shopping for tourists is continuing to hold UK retailers back, Watches of Switzerland has warned. Chief executive of the FTSE 250 luxury watch seller Brian Duffy told City A.M. it was “probably the biggest single frustration” for the British retail sector. “I was in Italy this weekend and the [...]
Hunt should listen to business leaders on the costly tourist tax January 30, 2024 Can a relatively small change to VAT laws really cost the country as much as West End retailers suggest? To the many of us who don’t choose our next weekend break on the back of a tax-break on our next Gucci handbag, the idea seems ludicrous. But there is a reason so many retailers and [...]
Tourist tax puts us at a competitive disadvantage, says Gatwick boss June 2, 2024 The UK's tourist tax is putting Gatwick at a "competitive disadvantage" to rival European hubs, according to its chief executive.
Gerry Murphy: Who is Tesco’s new chair? July 2, 2023 Two months after Tesco’s former chair John Allan stepped down following allegations of sexual misconduct the ‘Big Four’ grocer has appointed boardroom heavyweight Gerry Murphy to fill the role. Dr. Murphy, an Irish businessman, is already the chairman of luxury fashion brand Burberry and sugar manufacturing business Tate & Lyle, however will step down from [...]