UK retailers, hoteliers and airport chiefs have warned the chancellor that scrapping tax-free shopping for international tourists has put 70,000 jobs in jeopardy.
Read the full article on The Guardian website
NAM Implications:
- We (taxpayers) are headed into the deepest recession ever…
- Having supported an unprecedented lockdown of industry.
- This will inevitably cause an unprecedented tax grab.
- So the VAT reclaim on tourists’ £2.3bn purchases will hardly count…
- …in political terms.
