ALEX BRUMMER: With much of the world’s air traffic grounded and non-essential shops in England trapped in a second lockdown, Britain MUST remain open for business Bicester Village, Oxfordshire been magnet for tourists from China & Asia-Pacific Alex Brummer warns it is bad time to suspend VAT refunds for overseas visitors ‘Flies in the face … Read more
MoD wastes £450million in ONE YEAR: Defence officials blew a fortune on scrapped projects and accountancy blunders, report reveals Ministry of Defence lost more than £800,000 to VAT error in ‘fruitless payment’ £231million was wasted as a result of scrapping hundreds of armoured carriers New figures show £450million was wasted by defence officials last year alone … Read more
End of duty-free ‘will cost billions’: Luxury goods firms including Gucci and Tiffany warn that ending VAT refunds will hit UK economy hard Rishi Sunak is ending VAT refunds for international visitors to British shops It is estimated the move could cost the economy up to £3.5billion 11 leading luxury firms have written to Chancellor … Read more
Former BHS owner Dominic Chappell has been jailed for six years after being convicted of tax evasion over the £2.2million of income he received from his £1 deal to buy the failed high street chain off Philip Green. Instead of paying the tax he knew was due, Chappell, 53, spent a fortune on a luxury … Read more
The new lockdown will ‘decimate’ the UK’s hospitality industry – and it won’t begin to recover until the spring, says manager of Manchester’s five-star Lowry Hotel Adrian Ellis has called on the government to extend furlough beyond December He also says cut in VAT to 5% for the hospitality industry should be extended Overnight stays and … Read more
Ministers facing growing pressure to U-turn over ‘mask tax’ as Labour claims failure to extend suspension of VAT payable on PPE could cost families extra £100 over next six months VAT on PPE has been suspended since May but the cut is due to end in November Labour has called reimposition of VAT a ‘mask … Read more
UK Government is blasted for refusing to extend VAT freeze on medical PPE despite daily Covid cases rising above 20,000 and hospital beds filling up An email seen by MailOnline to industry representatives from the Treasury confirmed 20 per cent VAT on PPE will resume from 31 October The increase will be passed on to … Read more
UK Government is blasted for refusing to extend VAT freeze on medical PPE despite daily Covid cases rising above 20,000 and hospital beds filling up An email seen by MailOnline to industry representatives from the Treasury confirmed 20 per cent VAT on PPE will resume from 31 October The increase will be passed on to … Read more
Boss of fashion giant Kurt Geiger slams Rishi Sunak’s decision to axe duty-free shopping as ‘ludicrous’ Kurt Geiger boss Neil Clifford has slammed decision to stop duty-free shopping He has called the ‘ludicrous’ decision to end VAT refunds a ‘staggering own goal’ Chancellor Rishi Sunak announced the proposed policy change in September By Francesca Washtell … Read more
Boss of fashion giant Kurt Geiger slams Rishi Sunak’s decision to axe duty-free shopping as ‘ludicrous’ Kurt Geiger boss Neil Clifford has slammed decision to stop duty-free shopping He has called the ‘ludicrous’ decision to end VAT refunds a ‘staggering own goal’ Chancellor Rishi Sunak announced the proposed policy change in September By Francesca Washtell … Read more