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Burberry’s chief executive Jonathan Akeroyd said the Government’s “disappointing” decision to end the 20 per cent VAT shopping refund for foreign visitors was costing the company dear. Burberry’s chief executive has warned that a lack of tax-free shopping for overseas tourists is making the UK “less competitive” and benefiting Europe. Burberry has warned of a significant hit to UK sales after a scheme allowing VAT-free shopping for overseas tourists was scrapped following the end of the Brexit transition period.
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British fashion and luxury industry leaders, including executives from Harrods, Burberry and Selfridges, have backed a renewed call for the UK government to reinstate VAT-free shopping for international tourists. Luxury trade association Walpole is calling for the reinstatement of tax-free shopping for tourists which it claims could result in direct retail sales of at least .5 billion .
Kwarteng said the government plans to introduce a “modern, digital, VAT-free” shopping scheme, which will enable tourists to once again obtain a VAT refund paid on goods bought on the high street and at airports in . Burberry chairman Gerry Murphy said the removal of VAT-free shopping for tourists in the UK has “made the UK the least attractive shopping destination in Europe”, in an exchange at the Business Connect conference in . Visitors from outside the European Union were able to reclaim tax paid on their purchases until January 2021, when the policy expired. Businesses argue the lack of incentive .
The chairman of luxury fashion brand Burberry has challenged UK Prime Minister Rishi Sunak over the impact of a post-Brexit value added tax change, describing it as a “spectacular own goal”. Prime Minister Rishi Sunak has been challenged by the chairman of Burberry over the scrapping of VAT refunds for tourists. Gerry Murphy, who heads the luxury retailer, said .
Burberry’s chief executive Jonathan Akeroyd said the Government’s “disappointing” decision to end the 20 per cent VAT shopping refund for foreign visitors was costing the company dear. Burberry’s chief executive has warned that a lack of tax-free shopping for overseas tourists is making the UK “less competitive” and benefiting Europe. Burberry has warned of a significant hit to UK sales after a scheme allowing VAT-free shopping for overseas tourists was scrapped following the end of the Brexit transition period. British fashion and luxury industry leaders, including executives from Harrods, Burberry and Selfridges, have backed a renewed call for the UK government to reinstate VAT-free shopping for international tourists.
Luxury trade association Walpole is calling for the reinstatement of tax-free shopping for tourists which it claims could result in direct retail sales of at least .5 billion (£1.2 billion . Kwarteng said the government plans to introduce a “modern, digital, VAT-free” shopping scheme, which will enable tourists to once again obtain a VAT refund paid on goods bought on the high street and at airports in England, Scotland and Wales.
Burberry chairman Gerry Murphy said the removal of VAT-free shopping for tourists in the UK has “made the UK the least attractive shopping destination in Europe”, in an exchange at the Business Connect conference in London on Monday, where he urged UK prime minister Rishi Sunak to reconsider the decision. Sunak, who scrapped VAT refunds for .
Visitors from outside the European Union were able to reclaim tax paid on their purchases until January 2021, when the policy expired. Businesses argue the lack of incentive for foreign shoppers. The chairman of luxury fashion brand Burberry has challenged UK Prime Minister Rishi Sunak over the impact of a post-Brexit value added tax change, describing it as a “spectacular own goal”. Prime Minister Rishi Sunak has been challenged by the chairman of Burberry over the scrapping of VAT refunds for tourists. Gerry Murphy, who heads the luxury retailer, said the "spectacular own goal" had made Britain the "least attractive" shopping destination in Europe.
Burberry’s chief executive Jonathan Akeroyd said the Government’s “disappointing” decision to end the 20 per cent VAT shopping refund for foreign visitors was costing the company dear. Burberry’s chief executive has warned that a lack of tax-free shopping for overseas tourists is making the UK “less competitive” and benefiting Europe. Burberry has warned of a significant hit to UK sales after a scheme allowing VAT-free shopping for overseas tourists was scrapped following the end of the Brexit transition period.
British fashion and luxury industry leaders, including executives from Harrods, Burberry and Selfridges, have backed a renewed call for the UK government to reinstate VAT-free shopping for international tourists. Luxury trade association Walpole is calling for the reinstatement of tax-free shopping for tourists which it claims could result in direct retail sales of at least .5 billion (£1.2 billion . Kwarteng said the government plans to introduce a “modern, digital, VAT-free” shopping scheme, which will enable tourists to once again obtain a VAT refund paid on goods bought on the high street and at airports in England, Scotland and Wales.
Burberry chairman Gerry Murphy said the removal of VAT-free shopping for tourists in the UK has “made the UK the least attractive shopping destination in Europe”, in an exchange at the Business Connect conference in London on Monday, where he urged UK prime minister Rishi Sunak to reconsider the decision. Sunak, who scrapped VAT refunds for .
Visitors from outside the European Union were able to reclaim tax paid on their purchases until January 2021, when the policy expired. Businesses argue the lack of incentive for foreign shoppers. The chairman of luxury fashion brand Burberry has challenged UK Prime Minister Rishi Sunak over the impact of a post-Brexit value added tax change, describing it as a “spectacular own goal”.
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