Written Question·Treasury·UIN 100257
Tourism: VAT
Tabled: 16 December 2025
Answered: 22 December 2025
Question
Sir Geoffrey Clifton-Brown
Conservative — North Cotswolds
To ask the Chancellor of the Exchequer, whether the OBR has reviewed the Treasury’s 2020 forecast of the fiscal impact of extending the VAT RES to EU residents.
Answer
Dan TomlinsonThe OBR’s estimate is that the withdrawal of the VAT Retail Export Scheme will save the Exchequer around £540 million per year by 2025-26. The Government has also noted recent external data, which shows that tourism numbers and spending for the UK has r...
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