Another consultation triggered by Brexit changes was announced in the UK Budget on 11 March. The consultation, which runs to 20 May, contains a number of policy options discussed in the document, including new opportunities as a result of EU exit. These include –
- the amount of goods that passengers are allowed to bring in to the UK without paying duty and tax;
- the sale of duty-free goods to passengers on departure from the UK;
- the sale of tax-free goods to passengers on departure from the UK; and
- the VAT Retail Export Scheme, which allows certain non-UK residents to obtain a VAT refund on high street goods they buy and take home with them in their luggage.
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