Fortnum & Mason boss hits out over tourist tax that could cost businesses at least £2bn

Daily Mail
26/12/20

“Paul Barnes, chief executive of the Association of International Retail, said long-distance tourists who travel from places such as China – which puts £1billion into shop tills – may instead skip Britain and head to Paris where the loophole remains. He said: “Non-EU visitors spend around £18billion a year in the UK. Only £3billion is on shopping, which you could call a ‘loss leader’, but the remaining £15billion is VAT-able. Yet the Treasury has admitted that it only looked at shopping, not the wider impact on the economy”.

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