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UK Plans Tax- and Duty-Free Changes in January

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The U.K. plans to ax tax-free shopping and change duty-free rules on Jan. 1, 2021, much to the dismay of the retail sector.
Shoppers on U.K.'s High Street in Slough.
CREDIT: Steve Parsons/PA Wire via AP

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Tax-free shopping in the U.K. is coming to an end on Dec. 31. The British government is making changes to value-added taxes (VAT) and duty-free shopping that will take effect on Jan. 1. VATs are essentially broad-based consumption taxes assessed on goods and services bought and sold in European Union (EU) countries. Currently, the VAT…

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