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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.”
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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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