Major airport retailers including Dixons Travel, WHSmith, and Boots could be affected by a government review into airport retail taxes following consumer outrage over the revelation that retailers ask for boarding cards be shown at point of purchase to avoid paying tax, rather than for security reasons.
In order to avoid paying VAT, retailers must scan a passengers boarding card however the majority have decided not to pass the saving on to customers. Research by HMRC indicated that some stores will pocket as much as 50p in every £1 of their VAT discounts.
George Osborne said the Read full story ›
Source: The Drum