The Notebook: Charles Tyrwhitt boss on how the ‘tourist tax’ is hurting London September 11, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Nicholas Wheeler, founder of tailored shirts specialist Charles Tyrwhitt.
Heathrow: Britain has ‘shut the door’ on home-grown growth with tourist tax February 12, 2024 Britain has "shut the door" on home grown growth by abolishing VAT-free shopping for overseas visitors, Europe's largest airport has warned.
London Oxford Street spend slips as pressure mounts to scrap tourist tax January 23, 2024 Bosses behind Oxford Street are piling fresh pressure on the government to scrap the tourist tax after visitors failed to splash the cash over the Christmas period. Dee Corsi, who heads up the New West End Company, said footfall grew three per cent over the holiday season but customers kept their purses shut, with spending [...]
The Notebook: Hunt must scrap the tourist tax if the UK wants to stay competitive January 29, 2024 Where the City’s movers and shakers have their say. Today, James Chapman, Director of Soho Communications, takes the Notebook pen. The tourist tax is causing the UK to fall behind European rivals Ahead of his Spring Budget, Chancellor Jeremy Hunt is casting around for measures to promote that most elusive of things, economic growth. It’s [...]
Watches of Switzerland: Tourist tax ‘biggest single frustration’ for UK retailers August 10, 2023 The government’s decision to scrap VAT-free shopping for tourists is continuing to hold UK retailers back, Watches of Switzerland has warned. Chief executive of the FTSE 250 luxury watch seller Brian Duffy told City A.M. it was “probably the biggest single frustration” for the British retail sector. “I was in Italy this weekend and the [...]
The tourist tax is hurting Britain, no matter what Rishi Sunak says July 7, 2023 Tourists pay an extra 20 per cent for shopping in London than in Paris or Milan.
Spring Budget 2024: Tourist tax under review ahead of next week’s statement February 4, 2024 The so-called ‘tourist tax’ is under review ahead of the Spring Budget, according to reports, indicating the Treasury could ditch the policy.
One clear trend from London Fashion Week? The tourist tax is failing retail February 21, 2024 London's fashion scene is envied globally, but getting rid of tax-free shopping is an own goal for our retail sector, writes Dee Corsi.
Tourist tax: Battersea Power Station boss urges UK to scrap levy September 3, 2023 The government is under more pressure to scrap the so-called tourist tax, after fresh criticism from the boss of Battersea Power Station.
London’s tourist tax: 63 per cent of international tourists would spend more if levy was scrapped March 1, 2024 Some 63 per cent of international tourists would be more likely to make large purchases in the UK if tax-free shopping was re-introduced, fresh polling has revealed. The bombshell data, launched before the Spring Budget, where there have been rumours it could be scrapped, is based on a study of 8,000 people from the USA, [...]