To ask the Chancellor of the Exchequer, whether the Treasury has reviewed its 2020 forecast of the fiscal impact of extending the VAT RES to EU residents.
The OBR’s estimate is that the withdrawal of the VAT Retail Export Scheme will save the Exchequer around £540 million per year by 2025-26.   The Government has also noted recent external data, which shows that tourism numbers and spending for the UK has r...
Tourism: VAT