Page 5 - Export Scheme News Today

Britain has struggled to attract tourists during the pandemic, but it now stands out as a beacon of relative normality

Retailers expect Covid tourist-relaxation uplift Fashion retailers in London have welcomed the end of quarantining for European Union and US visitors travelling to the UK, but fear the absence of VAT-free shopping could prevent businesses from capitalising on the influx of overseas spend. On 2 August, the first passengers began arriving in the UK after rules changed to allow people fully vaccinated in the US and European Union to avoid quarantine. The change, which came in at 4am, affects those...

New Delhi [India], June 27 (ANI): In a major boost to exports of exotic fruit, a consignment of fibre- and mineral-rich Dragon Fruit, also referred to as Kamalam, has been exported to Dubai, said the Ministry of Commerce and Industry on Saturday.

Guidance on how to claim a refund of VAT paid on goods purchased in the UK, provided all the conditions of the scheme are met

Find out how to claim a VAT refund in the UK if youre established outside the UK, or how to claim back EU VAT if youre established in the UK or Isle of Man.

‘Deeply damaging’: Courts rule against challenge to new UK VAT rules May 24, 2021 The UK High Court has rules against a legal challenge brought by members of the travel retail industry against the changes to tax-free shopping laws in the country “The Treasury has baked-in a competitive disadvantage for UK tourism by making this the only country in Europe not to offer tax-free shopping.” That was the reaction from travel retail industry leaders after the UK’s High Court and Court of A...

Heathrow Airport loses bid over end of tourist tax-free shopping in UK | Financial News

Heathrow Airport has lost a High Court bid to challenge the scrapping of tax-free shopping for tourists. Two schemes providing VAT-free shopping for some international visitors were withdrawn by the Treasury at the end of the Brexit transition period on 1 January of this year. The Treasury and HMRC’s decision related to the VAT Retail Export Scheme (RES) and an Extra Statutory Concession (ESC) on goods at duty-free and tax-free shops. The ESC allowed VAT-free sales of goods to passengers trav...

Govt to Introduce Measures in Next Budget to Increase Exports The government is in the process of drafting major tax-related facilitative measures for exporters in the budget (2021-22) under an integrated strategy to ensure a significant increase in exports of Pakistan. Top government officials told Propakistani that the government is issuing a new simplified scheme for exporters in the coming budget (2021-22) to allow the import of duties and taxes free input and raw materials consumed in the ...

GI certified Gholvad sapota from Maharashtra finds its way to the UK May 20, 2021 × The sweet fruit has a unique taste derived from the calcium rich soil in the States Palghar district A consignment of Dahanu Gholvad sapota (noseberry) has been exported to the United Kingdom from Maharashtra’s Palghar district, providing a major boost to shipments of Geographical Indication (GI) certified products from India. The Maharashtra Rajya Chikoo Utpadak Sangh holds the GI certification for Gholvad...