End of tax-free shopping for tourists ‘would cripple hotels’

End of tax-free shopping for tourists ‘would cripple hotels’

Scrapping tax-free shopping for overseas tourists will risk “thousands of jobs” and cripple the hospitality industry, a group of the UK’s top luxury hoteliers have warned. Bosses from some of the UK’s most renowned hotels including Claridge’s, The Connaught, Rosewood London, and the Mandarin Oriental said proposals to axe the incentive will undercut Britain’s competitiveness compared with its nearest European neighbours. The Chancellor has suggested scrapping the 20pc rebate for overseas visitors in an effort to bring the UK in line with other systems after Brexit. The Treasury has also said the current system is too costly and susceptible to …
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