The Treasury has announced an end to the VAT retail export scheme and VAT-free sales of goods in airports with effect from the end of the Brexit implementation period.
The VAT retail export scheme – which broadly allows overseas visitors in British shops to claim VAT refunds on items taken home in luggage – is set to end from 1 January 2021 according to a press release from the Treasury. The Treasury describes the scheme as a ‘costly system’ but says that overseas visitors will still be able to buy items VAT free in store and have them sent direct to their overseas addresses. This change is set to apply in England, Wales and Scotland.
The Treasury has announced an end to the VAT retail export scheme and VAT-free sales of goods in airports with effect from the end of the Brexit implementation period.
The VAT retail export scheme – which broadly allows overseas visitors in British shops to claim VAT refunds on items taken home in luggage – is set to end from 1 January 2021 according to a press release from the Treasury. The Treasury describes the scheme as a ‘costly system’ but says that overseas visitors will still be able to buy items VAT free in store and have them sent direct to their overseas addresses. This change is set to apply in England, Wales and Scotland.
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