Business minister Nigel Huddleston has asked businesses hurt by the decision to scrap VAT-free shopping for overseas tourists to supply him with evidence.
The Treasury scrapped VAT-free shopping for overseas visitors in December 2020, during the pandemic. Former Chancellor Kwasi Kwarteng then restored VAT-free in his disastrous September 2022 mini-Budget.
Source: smallbusiness.co.uk
Latest Posts in "United Kingdom"
- UK Implements EPR Scheme: Producers Pay Fees for Packaging Waste Management Starting 2025
- Rachel Reeves Considers VAT Adjustments Amid Budget Challenges Despite Labour’s Pledge
- Cayman Implements New Taxes on Imported Vehicles
- Tribunal Rules Nitrous Oxide Not Zero-Rated Food in Telamara VAT Case
- HMRC Updates VAT Notice 700/18: New Guidelines for Bad Debt Relief Claims
