Initial Assessment of the Impact of Removal of the Extra Statutory Concession on Goods Supplied at Duty-Free and Tax-Free Shops

A study commissioned by the UK Travel Retail Forum to make an assessment of the consequences of the UK Government withdrawing VAT-free sales in the UK following Brexit. The initial assessment found that the removal of VAT-free sales could result in a loss of over £2million GBP in GDP, and affect thousands of jobs.