Tax Free Shopping Scheme

By Liam McGulliver Fletcher

If you are a citizen of a country outside the EU and you are visiting the UK, mainly London, then if you shop in the right places, you can claim any tax back that you pay on purchases. There are many shops located all around the city that display the tax free sign to let you know that they take part in the scheme.

The VAT is around 15% in UK and to claim back the amount that you have paid as tax you have to make a purchase for a minimum price that is fixed by the store. If you are a resident from outside the UK, you can reclaim the tax you have paid if you have spent a minimum of thirty pounds. And you should also get a Customs stamp on the final departure from the airport in order for you to claim your tax refund without hassle.

Shopping has never been more opportunistic because you can get the refund of all the value added tax that you are paying. This facility or rather luxury is available only while traveling abroad because these are a few benefits that you can enjoy and are privileged to as a foreign tourist. If you export these purchases you are eligible to claim the VAT immediately by asking the staff in the store for a refund cheque while you are making the payment for your purchases.

When you show your purchases to the officer at customs in the airport, you should get them stamped and this will then qualify you to visit a tax refund office when you get back to your country of origin (there will usually be one in the airport) and claim you paid tax back. This refund will usually be paid either to a credit card or straight into a bank account, however you can also choose to receive it in cash. There may be variations of this tax free shopping scheme depending on exactly where you go so it is worth looking into before your trip so that you can take full advantage of it.

There are many shops across the entire city of London and outside it which have logos displayed that read 'Tax Free' and you can approach those shops for in order to take advantage of the tax free shopping. - 31821

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