Tax-free shopping for tourists allows holidaymakers to get a VAT refund. Shoppers buying expensive items can make large tax savings through the scheme.
It has long been a destination for fashionistas seeking out the luxury bags beloved by the Princess of Wales and A-list stars. But now the gleaming Mulberry store on Bond Street is to close its doors for good – a victim of the ‘tourist tax’ which means international visitors can no longer claim back 20 … Read more
Paris, Rome and Berlin can’t believe their luck! When Britain should be seizing the opportunities of Brexit, scrapping tax-free shopping for international tourists is a spectacular own goal, writes SIR ROCCO FORTE By Sir Rocco Forte For The Mail On Sunday Published: 01:03 GMT, 12 February 2023 | Updated: 01:13 GMT, 12 February 2023 What … Read more
Private schools add £16.5bn to the economy and £5.1billion in tax contributions, analysis shows Economic footprint estimated as same size of Belfast based on annual tax Labour wants to scrap schools’ charitable status, leading to fears of closures Move could put up to 200 sites at risk of going out of business if families leave By Eleanor … Read more
Rishi Sunak tonight vowed to spend billions more to support Britons through the cost-of-living crisis – if he becomes prime minister – as he acknowledged a ‘moral responsibility’ to offer extra help. The ex-chancellor, who is vying with Liz Truss for the Tory leadership, admitted families are facing a further £400 hit on average – … Read more
A TENNER for fish and chips! Average price of British classic could top £10 due to soaring cost of cod and mushy peas Average price of fish and chips could soar to more than £10, industry chiefs say One industry body warned that cod supplies have become 75% more expensive Shop owner Andrew Crook said … Read more
Boris Johnson rejects calls to cut VAT on fuel bills because it will help people who ‘don’t need the support’ – despite his vow that scrapping it could be a Brexit dividend Prime Minister Boris Johnson has rejected calls to cut VAT on fuel But he insisted another way to ease cost of living would be … Read more
Labour piles pressure on Boris Johnson and Rishi Sunak to axe VAT on domestic fuel bills as Rachel Reeves demands they ‘get a grip’ on cost of living crisis hitting families Rachel Reeves called on Boris Johnson and Rishi Sunak to ‘get a grip’ on prices Shadow Chancellor wants VAT axed for six months to … Read more
Women are being unfairly penalised for their love of wine with big tax rises, campaigners say Television host Kate Thornton said increase in duty would ‘hit women hardest’ Wine Drinkers UK asking Rishi Sunak to cut Excise Duty on wine in the Budget Survey found 43 per cent of women favour wine, compared to 21 … Read more
Women are being unfairly penalised for their love of wine with big tax rises, campaigners say Television host Kate Thornton said increase in duty would ‘hit women hardest’ Wine Drinkers UK asking Rishi Sunak to cut Excise Duty on wine in the Budget Survey found 43 per cent of women favour wine, compared to 21 … Read more
The extent of the damage done by the coronavirus crisis to Treasury coffers was today laid bare after official data showed air passenger duty as well as income tax and VAT receipts have been hammered during the pandemic. Office for National Statistics numbers highlighted the devastating impact of travel restrictions as fewer air passengers meant the … Read more
One fifth of shops on London‘s Oxford Street are now boarded up with ‘no hope of recovery’ with more than 50,000 retail and hospitality jobs set to be lost when the third lockdown ends, an industry group claimed today. Some 57 of 264 stores on the world-famous road are already permanently shut with revenue falling … Read more
Britons gasping for a beer in their local could be forking out 18p more per pint when pubs finally reopen, industry experts warned today. Dutch giant Heineken, which also brews Foster’s, Kronenbourg, Birra Moretti, John Smith’s and Deuchars IPA, is set to increase the cost of its lagers and ales in April by as much as … Read more