4 tips about who qualifies for tax-free shopping (in Europe)
Britain after Brexit – benefit from tax-free shopping when holidaying in Europe.
UK holidaymakers are generally eligible for VAT (Value Added Tax) refunds when shopping in Europe. VAT is a consumption tax that is included in the price of goods and services in many countries, including those in the European Union.
Here's how the process typically works:
· Non-EU resident status
To qualify for a VAT refund in a European Union country, you usually need to be a resident of a non-European Union (EU) country. This includes UK residents after Brexit.
· Minimum purchase amount
There is often a minimum purchase amount required to be eligible for a VAT refund. This amount varies by country, so it's essential to check the specific rules of the country you're visiting.
· VAT rates
Rates vary across European countries. They can range from as low as 17% to as high as 27%. Different types of goods and services may also have different VAT rates within a country.
· Age restrictions
Some countries may have age restrictions for tax-free shopping. For instance, in France, individuals typically need to be over 16. In other countries, it might be 18. Be sure to check the specific rules of the country you are visiting.