- Reference: 2023/2442
- Question by: Hina Bokhari
- Meeting date: 22 June 2023
BusinessLDN has been highlighting the positive impact that bringing back VAT-free shopping for international visitors would have on London and the UK. Such a step would boost our attractiveness to overseas tourism which supports jobs and drives growth, while it would also deliver an extra £350 million in tax revenues for the Exchequer every year. Recent national events, such as the King’s Coronation would have attracted even more international visitors to help turbocharge the economy and with the Paris Olympics almost a year away it is vital that we reintroduce the scheme so international visitors are encouraged to make the...