ALEX BRUMMER: With much of the world’s air traffic grounded and non-essential shops in England trapped in a second lockdown, Britain MUST remain open for business Bicester Village, Oxfordshire been magnet for tourists from China & Asia-Pacific Alex Brummer warns it is bad time to suspend VAT refunds for overseas visitors ‘Flies in the face … Read more
MoD wastes £450million in ONE YEAR: Defence officials blew a fortune on scrapped projects and accountancy blunders, report reveals Ministry of Defence lost more than £800,000 to VAT error in ‘fruitless payment’ £231million was wasted as a result of scrapping hundreds of armoured carriers New figures show £450million was wasted by defence officials last year alone … Read more
End of duty-free ‘will cost billions’: Luxury goods firms including Gucci and Tiffany warn that ending VAT refunds will hit UK economy hard Rishi Sunak is ending VAT refunds for international visitors to British shops It is estimated the move could cost the economy up to £3.5billion 11 leading luxury firms have written to Chancellor … Read more
Former BHS owner Dominic Chappell has been jailed for six years after being convicted of tax evasion over the £2.2million of income he received from his £1 deal to buy the failed high street chain off Philip Green. Instead of paying the tax he knew was due, Chappell, 53, spent a fortune on a luxury … Read more
The new lockdown will ‘decimate’ the UK’s hospitality industry – and it won’t begin to recover until the spring, says manager of Manchester’s five-star Lowry Hotel Adrian Ellis has called on the government to extend furlough beyond December He also says cut in VAT to 5% for the hospitality industry should be extended Overnight stays and … Read more
The cost of face masks is set to rise by a fifth from next week as the Government comes under fire for refusing to extend the VAT freeze on PPE. Treasury officials have told retailers that the six-month VAT holiday on personal protective equipment would come to an end on October 31. The 20 per … Read more
UK Government is blasted for refusing to extend VAT freeze on medical PPE despite daily Covid cases rising above 20,000 and hospital beds filling up An email seen by MailOnline to industry representatives from the Treasury confirmed 20 per cent VAT on PPE will resume from 31 October The increase will be passed on to … Read more
Jacqueline Jossa’s ‘business under investigation as her company owes more than £32,000 in tax’ By Eve Buckland For Mailonline Published: 08:22 BST, 14 October 2020 | Updated: 08:22 BST, 14 October 2020 Jacqueline Jossa’s business is being investigated after the company was put into voluntary liquidation owing more than £32,000 in tax, according to new … Read more
Increasing taxes to pay for the Covid crisis would be ‘an act of self-sabotage’ which would derail Britain’s economic recovery, Rishi Sunak was warned last night. The Chancellor has repeatedly signalled that tax rises will be needed to repair the battered public finances. With Britain’s national debt topping £2trillion for the first time and borrowing … Read more
Boss of fashion giant Kurt Geiger slams Rishi Sunak’s decision to axe duty-free shopping as ‘ludicrous’ Kurt Geiger boss Neil Clifford has slammed decision to stop duty-free shopping He has called the ‘ludicrous’ decision to end VAT refunds a ‘staggering own goal’ Chancellor Rishi Sunak announced the proposed policy change in September By Francesca Washtell … Read more