The UK Government announced the return of tax-free shopping for visitors to the UK. British politician Kwasi Kwarteng, serving as Chancellor of the Exchequer since 2022, told the House of Commons that the UK Government will put in place a “modern, digital, VAT-free shopping scheme”. This will include modernisation of the scheme in Northern Ireland … Read more
Europe’s Tax Free Shopping Gains Strength With Record Recovery Rates, says Global Blue‘s new report. Last week, at Walpole’s latest Luxury Summit in London, Global Blue presented new data signalling the continued recovery of Tax Free Shopping in continental Europe. Global Blue offers innovative solutions in three different fields: Tax Free Shopping, Payments services, and … Read more
How can we enable the return of the luxury tourism sector? Walpole’s 2022 insight report outlines the economic impact of luxury tourism on Britain’s economy and government action needed to ensure UK recovery matches European counterparts. Walpole, which includes Burberry, Harrods, Claridge’s and V&A amongst its members, is calling for reintroduction of the VAT RES … Read more
Brand says move to install 20% VAT will encourage 1.2m visitors to shop in Europe instead