The Chancellor has asked the Office for Budget Responsibility to probe the benefits and disadvantages of the levy. It is set to report back before the March 6 Budget.
As chancellor, Rishi Sunak abolished tax-free shopping for tourists in 2020.
The perk had allowed tourists from outside the EU to claim back their VAT on goods bought in the UK, making them 20 percent cheaper.
The Treasury argued that axing the levy now could cost up to £2 billion a year in lost taxes. But campaigners insist the analysis did not take fully into account the broader boost to the wider economy.
Denne historien er fra February 05, 2024-utgaven av Evening Standard.
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Denne historien er fra February 05, 2024-utgaven av Evening Standard.
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Kylie Minogue loves the bar at Louie, startling Beefeaters and snooping in The Conran Shop
Currently it’s largely suitcase-based as I’ve been doing so much travel for work, but Melbourne, Australia, is home.
Are Spurs willing to invest what it takes to win trophies?
Criticism of the manager for the club's struggles misses the point-whatever he says, he's not been given a squad ready to push for the biggest honours
Crowning glory awaits Britain's golden girl
Odds-on favourite to win BBC Sports Personality, Keely Hodgkinson never doubted she was ready to conquer the world
Residents at war over £10 billion 'Shanghai-style' Earl's Court plan
Controversial proposals are causing a huge furore in west London
The secrets of selling the capital's £40m homes
Armed security, NDAs, a gold temple...inside the world of ultra high-end property deals
Jenny Packham on Amsterdam why is truly magical at Christmas time
The designer gets lost in the cobbled streets and is entranced by the city’s twinkling lights and unique spirit
Alfies Antique Market
Here is a place to blindly lose oneself in a labyrinth of staircases and thresholds.
Decline and fall: what comes after peak wellness?
The social elite are obsessed with devices that track their health but the backlash is building
The newest AI can arrange your holiday- but will it be a strictly woke one?
A lightning-quick artificial megabrain with an appetite for social justice? WILLIAM HOSIE has a chat with Claude Al
'Fame just isn't healthy
Mercury Prize-winning band English Teacher on the pressure of success, trying not to burn out and the challenges black women face in indie music
