Retail leaders are calling for the abolition of the UK ‘tourist tax’, citing major economic disadvantages.A collective of over 300 business executives, including top-tier brands, has…
Browsing: VAT-free shopping
A coalition of over 300 retail leaders has urged Rachel Reeves to reconsider the removal of VAT-free shopping for tourists, arguing it’s detrimental to the UK’s…
Luxury jeweler Kiki McDonough reduces prices by 20% to counteract tourist tax effects.Removal of VAT-free shopping has caused a decrease in American tourists, McDonough’s key market.McDonough…
In the lead-up to the 2024 UK general election, all major parties have unveiled manifestos impacting the retail industry.The Liberal Democrats propose abolishing business rates, replacing…