Retail welcomes return of tax-free shopping despite bitter rates disappointment

Kwasi Kwarteng

Source: Number 10

Representatives of the sector have welcomed the reinstatement of tax-free shopping for tourists as a boost for UK retail’s competitiveness in a bleak economic climate.

In today’s ‘mini-budget’, new chancellor Kwasi Kwarteng scythed through a raft of scheduled tax increases in a bid to break the “cycle of stagnation” that had gripped the UK. Among the initiatives unveiled was the reintroduction of VAT-free shopping. 

In the mini-budget documents, the Treasury said the new scheme would be a “modernised” form of the model that already exists in Northern Ireland and would “introduce a new digital scheme in Great Britain” following a consultation period. 

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.