Cutting taxes on Scotch whisky would be a win-win for the Chancellor February 27, 2024 Slashing excise duty on spirits is a popular revenue raiser – so why have only three Chancellors ever done it?
Now is not the time for opportunistic personal tax cuts February 25, 2024 The government may think Slashing Income Tax or National Insurance will win votes, but boosting growth and restoring the UK's reputation as a stable place to invest should be the priority, says John Dickie
Heathrow chief: Scrapping London tourist tax is ‘critical for the UK’ February 21, 2024 Retail businesses and a host of airports have since pleaded for the government to reinstate the tax break, with wealthy international shoppers choosing to splash their cash elsewhere.
The Debate: Would citizens’ assemblies improve our democracy? February 21, 2024 City A.M.’s weekly feature takes the fiercest water-cooler debates and pits two candidates head to head before delivering The Judge’s ultimate verdict. This week: Should the UK introduce citizens’ assemblies? Yes: In Ireland, citizens’ assemblies helped identify a new consensus point for abortion rights The 24-hour-long ‘moment’ we just experienced around citizens’ assemblies has been [...]
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.
Letters to the editor: Tourist tax proves puzzling, cross words for our crossword February 16, 2024 Each week we at City A.M. Towers receive some enlightening and occasionally constructively critical letters. Here are our favourites from this week.
The Spring Budget is the perfect opportunity to kill the tourist tax February 12, 2024 Reinstating tax-free shopping will be a shot in the arm for UK tourism - and is long overdue, writes Chris Hayward.
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.
Watches of Switzerland: Firm ‘encouraged’ by tourist tax review as UK market underperforms February 8, 2024 Luxury retailer Watches of Switzerland is continuing to feel the pinch from rich shoppers scaling back and the damage wrought by the so-called ‘tourist tax’. In an update this morning, the Rolex seller said group revenue declined by one per cent to £397m in the third quarter, and in the UK and Europe it fell [...]
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.