UK CHANCELLOR George Osborne has confirmed that the government will launch a review into airport sales to make sure Value Added Tax (VAT) savings are being passed on to shoppers.
Some airside retailers currently are keeping up to an estimated 50p of every £1 of potential VAT savings instead of passing those savings on to shoppers, says Mr Osborne. The government’s Revenue and Customs department has been asked to review airside VAT-free shopping to make sure that shoppers share more of the benefit in future.
The review is expected to be completed by early 2016 and will also cover all other airside shopping taxes.
Osborne said: ‘For families flying out of the UK for a winter get-away, airports should be the ideal place to pick-up a bargain. VAT relief at airports is intended to cut prices for those travellers, not be a windfall gain for shops. But many people could be paying over the odds for their purchases because the government’s VAT concession isn’t passed on. This is simply unacceptable.
Go Holiday news : www.govillasandcottages.co.uk
Some airside retailers currently are keeping up to an estimated 50p of every £1 of potential VAT savings instead of passing those savings on to shoppers, says Mr Osborne. The government’s Revenue and Customs department has been asked to review airside VAT-free shopping to make sure that shoppers share more of the benefit in future.
The review is expected to be completed by early 2016 and will also cover all other airside shopping taxes.
Osborne said: ‘For families flying out of the UK for a winter get-away, airports should be the ideal place to pick-up a bargain. VAT relief at airports is intended to cut prices for those travellers, not be a windfall gain for shops. But many people could be paying over the odds for their purchases because the government’s VAT concession isn’t passed on. This is simply unacceptable.
Go Holiday news : www.govillasandcottages.co.uk
All your holiday needs: IN PRINT - ON-LINE - DiGiMAG - SMARTPHONE -TABLET - BLOG - TWITTER - G+ - FACEBOOK
No comments:
Post a Comment
Note: only a member of this blog may post a comment.