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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

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tourist tax

  • Khan urges Reeves to bring back tax-free shopping

    Retail

    Mayor Sadiq Khan has called on Chancellor Rachel Reeves to bring back tax-free shopping for tourists to drive public revenue gains.  Khan has lobbied the Treasury to re-introduce VAT-free shopping for visitors more than four years after the previous Conservative government scrapped the perk.  Conservative City Hall member Thomas Turrell raised the issue of tourism [...]

    Burberry axed its dividend at the end of last year.
  • VAT-free shopping debacle has sent tourists packing

    Opinion

    Five years on from the demise of VAT-free shopping, retail and hospitality chiefs say the impact is still causing pain as the industry seeks change, writes Joanna Hodgson Five years ago this month a change came in that might, on the surface , have prompted the average British shopper  to get their smallest violins out: [...]

    Harrods has been hit by an IT data breach.
  • Business rates reform must even playing field between high street and online

    Opinion

    Bricks and mortar businesses are being unfairly punished by outdated business rates in need of reform, writes Ros Morgan

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  • Budget: ‘Tax on holidays’ slammed by Butlin’s boss

    November 26, 2025

    The chief executive of Butlin’s has slammed Rachel Reeves for introducing a ‘tax on holidays’ in her Budget today. Jon Hendry Pickup has argued that “hospitality businesses like Butlin’s remain caught in the crossfire of the Chancellor’s tax and spend ideology”. The chief executive was reacting to the ‘tourism tax’ which has been welcomed by [...]

  • Budget Day: The good, the bad and the ugly

    November 26, 2025

    It seems as if we’ve been speculating about the contents of today’s Budget since the moment Rachel Reeves sat down after delivering her first one, just over a year ago. Since then, unemployment has risen (every month) and growth rates have slumped quarter-to-quarter from 0.7 per cent to 0.3 per cent to 0.1 per cent. [...]

  • Reeves opens door for mayors to impose ‘damaging’ tourist tax

    November 25, 2025

    Mayors in England are set to be given new powers to levy a tourist tax on visitors to fund local projects under a new policy. Reeves will give mayors the ability to impose a “modest” charge on visitors staying in hotels, bed and breakfasts, guest houses and holiday lets through the English Devolution and Community [...]

  • Hotels and shops to be hit by fresh Reeves tax raid 

    November 17, 2025

    Hotels and supermarkets are set to be hit by extra taxes at the upcoming Budget as Chancellor Rachel Reeves hopes to raise more than £20bn in taxes.  Reeves is planning to allow mayors to hit holidaymakers with an overnight levy on hotel and rental home stays at the Budget, opening up new cash streams for [...]

  • Autumn Budget: ‘Window is closing’ on Labour’s growth mission

    October 9, 2025

    Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, chief executive of BusinessLDN shares what he thinks could be the capital’s 21st century moment. The “window is closing” on the government’s mission to achieve economic growth, the boss of London’s business advocacy group [...]

  • Angela Rayner pushes for new tourist tax to fix black hole

    July 22, 2025

    Deputy prime minister Angela Rayner is pushing Chancellor Rachel Reeves to give more power to councils to tax tourists amid worries that local governments are struggling to keep finances in check. Rayner has suggested that councils should be able to tax tourist hotel stays and take advantage of a rise in visitors, rather than taxing [...]

  • UK to miss out on tourism boom due to ‘layer upon layer’ of taxes 

    June 4, 2025

    UK tourism is at risk of suffering a decline as visitors are deciding against going to Britain due to the Treasury’s stringent tax policies, a key industry official has said, in the latest sign of the toll tax hikes are taking. Julia Simpson, the former British Airways chief who now heads up the World Travel [...]

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