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: tourist tax
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…
The call to abolish the ‘tourist tax’ has garnered significant attention from the fashion industry.More than 300 fashion CEOs and business leaders have united against the…
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…
Despite a rise in international visitors, London’s retailers are forecasting substantial financial losses due to the UK’s removal of tax-free shopping for tourists.The previous Conservative government…
London’s West End retailers are grappling with a significant £220 million loss in unrealized sales attributed to the elimination of tax-free shopping for tourists in the…
Retailers in London’s West End face significant financial losses due to the absence of tax-free shopping for tourists.Research reveals a £220 million loss in unrealized sales…