Tourist Spending: VAT - Question

Part of the debate – in the House of Lords at 3:17 pm on 24 May 2023.

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Photo of Baroness Penn Baroness Penn The Parliamentary Secretary, HM Treasury 3:17, 24 May 2023

It is difficult to disaggregate the impact of this policy versus the overall take of VAT, which will be affected by a wide range of economic factors during this time. When we think about the tourism sector, we must remember that China represents a large number of visitors to the UK and China opened up only at the beginning of this year. Based on that, we hope to see a stronger recovery this summer, compared with previous summers.