7
Accepted
The Government should publish an assessment of the direct and indirect impact that withdrawing from...
Recommendation
The Government should publish an assessment of the direct and indirect impact that withdrawing from the VAT Retail Export Scheme will have had on the inbound tourism sector.
Government Response Summary
The government refers to the independent Office for Budget Responsibility's assessment of the withdrawal of the VAT Retail Export Scheme published in November 2020.
Paragraph Reference
39
Government Response
Accepted
Government Response
Accepted
HM Government
Accepted
The independent Office for Budget Responsibility published their assessment of the withdrawal of the previous VAT-free shopping schemes in November 2020. This showed that the withdrawal of VAT-free shopping would raise a significant amount of revenue and have a limited behavioural effect on decisions to visit, or spend, in the UK.
Source
Committee
Culture, Media and Sport Committee
Inquiry
Promoting Britain abroad
Report
Second Report - Promoting Britain abroad
24 Oct 2022
HC 156
Addressee Bodies
Department for Culture, Media and Sport
Timeline
Recommendation age
3.6 yrs
Report published
24 Oct 2022