Luxury Brands Urge UK Government Not to End Tax-Free Shopping for Visitors -Vogue Business
--Luxury-goods brands including Gucci and Salvatore Ferragamo
have written an open letter to the U.K. finance minister, Rishi
Sunak, asking him not to end tax-free shopping for international
visitors in January, Vogue Business reports.
--The U.K. government said in September that it would end
tax-free shopping for international visitors, a scheme under which
shoppers can claim back 20% of their luxury purchases, Vogue
--Critics say the planned move amounts to a fresh 20% tax on
luxury goods and warn it could see companies close flagship stores
in the U.K., Vogue Business reports.
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(END) Dow Jones Newswires
November 11, 2020 06:39 ET (11:39 GMT)
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