Since taking up his new duties as Chancellor of the Exchequer on 14 October, Jeremy Hunt has reversed the previous mini-budget drafted by his predecessor. One of the schemes that was announced to be reintroduced was the VAT Retail Export Scheme. This scheme would have allowed overseas visitors to benefit from tax free shopping when leaving the country to return home.
However, the latest update of the mini-budget on October 17 has confirmed that this scheme will now not be reintroduced.
Source: SOVOS
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