questionText: To ask the Chancellor of the Exchequer, whether the OBR has reviewed the Treasury’s 2020 forecast of the fiscal impact of extending the VAT RES to EU residents.
answerText: 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...
heading: Tourism: VAT