Since Britain left the EU, British vacationers are actually eligible to say again the VAT on gadgets as they’re non-EU residents. Nonetheless, many Britons are unaware of the brand new perk which may save them some huge cash.
In August 2021, 715,000 British vacationers visited Spain for a vacation, making up one in every of each seven worldwide vacationers within the nation.
Whereas that is decrease than the two.1 million Britons who visited Spain in August 2019, Spanish tourism consultants are assured the quantity will proceed to rise.
British vacationers now have extra motive than ever to go to Spain, as they will reap procuring rewards from claiming again VAT.
As much as 21 % of VAT might be claimed again from buying items which may embrace vogue clothes and jewelry.
VAT will also be claimed again on make-up and cosmetics, expertise merchandise and a few foods and drinks gadgets.
Non EU residents can’t declare again VAT on companies. This consists of restaurant payments, automobile rental, present or theatre tickets, flights or public transport.
Procuring is a crucial exercise of many Britons’ holidays, with six out of 10 UK vacationers saying they might spend as much as 50 % of their vacation finances on procuring.
Nonetheless, plenty of British vacationers are lacking out on the VAT perk in keeping with tourism procuring tax refund firm, World Blue.
Luis Llorca, World Blue’s Basic Director in Spain, advised El País: “In keeping with the retail shops in Spain, solely 10 % of British vacationers who’ve purchased in Spain have taken benefit of the VAT refund.
“It’s a really low share, since for the remainder of non-EU nationalities the speed of consciousness is at all times above 50 %.”
This summer season the Spanish division retailer, El Corte Inglés, partnered with the Spanish airline Iberia to boost consciousness of the post-Brexit perk.
However Llorca believes many British vacationers stay unaware of the procuring profit they’re lacking out on.
He mentioned: “Spanish authorities haven’t but made the required effort to publicise this risk of return on purchases.”
British holidaymakers may entry the VAT perk in different EU international locations, reminiscent of France and Germany.
Nonetheless, it’s thought that Spain could be the highest procuring alternative for British holidaymakers as it’s already their prime vacation vacation spot.
In keeping with World Blue, Britons can entry the perk by procuring in retail shops that provide tax refunds.
On the counter, British vacationers ought to present their passport in retailer and ask for tax free.
They’ll then have to validate their Tax Free Type with the validation kiosks at departures or Customs.
British vacationers can then use the World Blue app to say their refund or go to a refund workplace.
Spain has no minimal spend for tax free procuring however Britons might want to have their passport with them whereas procuring and validate their Tax Free varieties on the airport to qualify for the refunds.