VAT Retail Export Scheme Debate

Full Debate: Read Full Debate

Baroness Bull

Main Page: Baroness Bull (Crossbench - Life peer)

VAT Retail Export Scheme

Baroness Bull Excerpts
Tuesday 20th October 2020

(4 years, 1 month ago)

Lords Chamber
Read Full debate Read Hansard Text
Baroness Penn Portrait Baroness Penn (Con)
- Hansard - - - Excerpts

My Lords, of course purchasers can still benefit from the Shop & Ship method of VAT-free shopping. In addition, research from VisitBritain shows that cultural attractions remain the key motivation for visiting Britain, followed by the variety of places to visit. Tax-free shopping does not appear as one of the reasons in that research.

Baroness Bull Portrait Baroness Bull (CB)
- Hansard - -

My Lords, the Minister will understand the obvious link between inbound visitors’ retail spend and the spillover effect on culture and visitor attractions. To take one example, a third of the 15 million West End theatre tickets sold annually are sold to overseas visitors. What assessment has been made of the impact of ending this scheme on culture, entertainment and visitor attractions, which are already suffering so badly as a result of the pandemic?

Baroness Penn Portrait Baroness Penn (Con)
- Hansard - - - Excerpts

My Lords, as I have just noted, it is in fact culture that drives visitors to the UK rather than VAT-free shopping. The route of VAT-free shopping is still available through Shop & Ship. To support the wonderful cultural sector in the UK, we of course have the £1.57 billion cultural recovery fund.