Who Is Eligible For A Tax Refund?
Any person visiting the UK or a few other surrounding countries is entitled to shop with tax-free discount at the shops that take part in the tax free scheme. Shops that participate in this scheme usually have the tax free logo outside to let passers by know. In order to be eligible for the tax free scheme, you must be a resident of a country outside the EU and a visitor to the UK, this is why many people like coming to the UK to shop for goods at heavily discounted prices.
You can claim the tax you’ve paid on your purchases back only when you spend a minimum amount in a participating shop. This minimum amount varies from shop to shop and from country to country. When you’ve made your purchases and spent at least the minimum amount to qualify for your tax refund, you will have to get your tax-free cheque stamped at customs on your way out of the country. Once you have had it stamped and approved there are many ways for you to claim your tax back, many people have the refund credited to a card or directly to their bank account.
Shopping in the UK has never been so opportunistic for people from outside the EU, so if you are from outside the EU and are planning a trip to the UK, you should be sure to allow space in your luggage to keep items that you have bought in tax free shops separate from your other goods.
Tax free shopping is as simple as this…once the purchase is over ask for a refund cheque, get the stamp by the customs before the final departure from the European Union and when you show your passport, credit card and the refund cheque at the nearest refund office, you can get the amount into your account.
The tax free shopping facility is available at many stores for tourists from various countries so that they can shop across the world in a store of their liking and interest. You may not enjoy the same benefit if you are a resident of the place. This tax free shopping is a facility or a privilege only the visitors to the countries can enjoy and save a lot of money on goods when they are travelling abroad.
For more information on tax free shopping London UK visit gbtaxfree.com by clicking on airport VAT refund
Tagged with: Advice • finance • Law • legal • london • misc • services • Shopping • tax • tax-free • taxes • tourism • tourist • Travel • UK
Filed under: Law
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