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UKinbound backs Daily Mail ‘scrap the tourist tax’ campaign
UKinbound is backing a new UK campaign to ‘scrap the tourist tax.’
In an effort to pressure the government the Daily Mail has started a ‘scrap the tourist tax’ campaign to restore duty-free shopping status for overseas visitors.
They argue the 20% VAT through tourists shopping is greatly outweighed by the boost to GDP and jobs that eliminating the tax would bring.
A letter to the government was organised by Sir Rocco Forte and has been signed by UK tourism, retail and hospitality leaders.
Joss Croft OBE, CEO of UKinbound said: “We fully support the campaign by the Daily Mail to reinstate VAT free shopping for international visitors.”
“It would generate and estimated £4.4 billion over two years for the UK economy with a net benefit to the Treasury of £1.3 billion (source: Oxford Economics).”
“This is a measure that is badly needed to help the recovery of the UK’s inbound visitor economy.”
“It will go some way to improving this country’s competitive positioning against our European neighbours.”
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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