- UK firms missed out on VAT-free shopping during China’s Golden Week festival
- London’s global rivals, such as France, Spain, and Italy, benefited more from VAT-free shopping
- Over 400 chief executives support a campaign to reinstate tax-free shopping in the UK
- Firms like Burberry and Mulberry are advocating for the reinstatement of tax-free shopping
- Adam Holdsworth, CEO of N.Peal, believes it is logical to scrap the tax to attract Chinese visitors to spend their money in the UK.
Source: thisismoney.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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