No extra airport buying: UK calls time on responsibility free
THE WHAT? The UK authorities has introduced that it’s going to now not enable VAT exemptions for items bought within the UK or at its airports, ports and Eurostar stations after January 1, 2021, in response to a report revealed by The Impartial.
THE DETAILS The transfer, which can successfully kill the duty-free market, has been described as ‘one more blow’ to the journey trade with the Airport Operators Affiliation saying it ‘needlessly harms an trade in peril’.
THE WHY? The federal government claims that the tax reduction will not be per ‘worldwide tax rules’; the measure is being launched at the side of a sequence of different modifications to responsibility free buying allowances upfront of the UK’s withdrawal from the European Union.