Bring back VAT-free shopping for tourists, says Priti Patel
[ad_1] She pointed to data from Visit Britain showing that spending by overseas visitors was down 10 per cent in real terms in the third quarter of 2023 compared to the same period four years earlier, just before the pandemic. “Unless tax-free shopping is reintroduced, British businesses and brands will continue to lose out to […]
Heathrow accuses Sunak of tarnishing Britain’s reputation with tourist tax
[ad_1] Sir Jacob Rees-Mogg, a former business secretary, said: “It [the tourist tax] costs more than it raises. It’s an economically inefficient tax. Foreign visitors coming and spending money on all sorts of other things is very beneficial, so I would certainly encourage the Government to scrap it. “If the Treasury took a more dynamic […]
King’s shoemaker criticises Rishi Sunak’s tourist tax as losses continue
[ad_1] The chief executive of Britain’s oldest shoemaker has blamed Rishi Sunak’s controversial “tourist tax” for holding back its recovery since the pandemic, after auditors warned about its future. Auditors said there was a “material uncertainty” over Tricker’s “ability to continue as a going concern” after the 194 year-old business posted a pre-tax loss of £311,365 […]