by Andrew Sparrow on (#78H8A)
Lib Dem leader says he is proud of party's record at Brighton conferenceKemi Badenoch has pledged to bring back tax-free shopping for tourists by reversing a post-Brexit rule change, the Press Association reports. PA says:The decision to scrap the VAT refund scheme for international visitors in 2021 left the UK less competitive" than many other European destinations as the country left the EU, the Tories said.Badenoch, who personally announced the abolition of the VAT refund scheme when she was a Treasury minister in 2020, said retailers were being let down by a policy that is driving their customers away."The Tories have pulled off a spectacular U-turn. Kemi Badenoch used to say tax-free shopping was a costly giveaway and now she's trying to sell it as an economic miracle.If they really think it's such a great idea, they should explain why they scrapped it in the first place and how they'd pay for bringing it back.The UK is one of the most-visited countries in the world with international tourism driving billions into our economy. We are supporting the continued growth of this industry and the government is working to meet our ambition to welcome 50 million international visitors a year to the UK by 2030.Visitors can still claim VAT relief where the items purchased are shipped directly to their home country as exports.Yes. Yesterday I talked about the need to have a temporary tax cut in fuel duty because people are paying a huge amount of the pumps, and we showed how we could pay for it. I'm showing through our growth strategy how we can pay for more tax cuts. Continue reading...