Tourism: VAT

Treasury written question – answered at on 5 August 2024.

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Photo of The Earl of Clancarty The Earl of Clancarty Crossbench

To ask His Majesty's Government whether they will reintroduce VAT-free shopping for tourists.

Photo of Lord Livermore Lord Livermore The Financial Secretary to the Treasury

The Chancellor makes decisions on tax policy at fiscal events. The government will set out its fiscal plans at a budget on 30th October alongside a full economic and fiscal forecast.

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Chancellor

The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.