VAT news tagged as "Airports"

United Kingdom

UK airport retails act on VAT row

September 24th, 2016

UK airport operators and retailers have agreed to provide great transparency on their VAT charges to passengers. Last year it was alleged that many airport retailers were surreptitiously retaining the 20% VAT discount on sales of goods from their shops to passengers leaving the EU. According to EU VAT rules, this is not applicable. To …

United Kingdom

UK airport VAT relief review

December 31st, 2015

The UK’s Chancellor, George Osborne, has announced a review into the VAT and excise duty charges on goods purchased at UK airports by passengers departing the European Union. It emerged in August this year that airside retailers were lawfully not passing on VAT discounts on purchases by passengers who were leaving the EU. Such expenditure …