Wall Street

Britain to re-introduce tax free shopping for overseas visitors

Published by
Reuters UK

LONDON (Reuters) -Britain will bring back sales tax free shopping for overseas visitors to boost the country’s flagging retail sector, finance minister Kwasi Kwarteng said on Friday. “Britain welcomes millions of tourists every year, and I want our high streets and airports, our ports and our shopping centres, to feel the economic benefit. So we have decided to introduce VAT-free shopping for overseas visitors,” he told parliament during the presentation of a mini-budget. A previous tax-free shopping was abolished at the end of 2020. Kwarteng said the government would replace the previous pape…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street