UK brings back duty free shopping

UK brings back duty free shopping

THE WHAT? The UK’s new finance minister, Kwasi Kwarteng has announced that he intends to reverse the previous chancellor’s decision to end duty free shopping, according to a report published by Reuters.

THE DETAILS Combined with the plummeting value of the pound, the move will make a visit to the UK an attractive prospect for international tourists.  

What’s more, to make tax-free shopping even easier, the paper system is set to be replaced with a digital log ‘as soon as possible’.

THE WHY? Kwarteng stated during a parliamentary presentation, per Reuters, “Brita8in welcomes millions of tourists every year, and I want our high streets and airports, our ports and our shopping centres, to feel the economic benefit. So we have decided to introduce VAR-free shopping for overseas visitors.”