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Who Is Eligible For A Tax Refund?
Any foreign tourist from outside the EU is entitled to shop at Tax Free shops in London and UK. Generally the shops display the logos 'Tax free' and it is at these places that you are entitled for a refund of the value added tax that you have paid on the purchases. To be entitled to the tax refund in the European Union, the visitor should not be a resident of any of the EU countries. And that is the basic reason why people are crazy about shopping in the London and UK.
One can claim for the VAT only after having spent a bare minimum amount on the purchase. The minimum amount varies from country to country. And once the purchase is over and you are waiting for a refund, you will have to show proof of exportation by getting it stamped at the Customs office. Once your tax free cheque is stamped you may get the refund from various refund offices and you can choose a way that is convenient for you. Frequently, the tax refund is credited to the credit card or in certain cases the money is sent to the bank account.
It has never before been so full of saving opportunity for people from another continent to come and shop in the UK, and so if you are from outside the EU and you intend to visit the UK, you should make sure that you have enough room in your luggage to store any goods you buy in tax free stores separately from the rest of your purchases.
Tax free shopping is as simple as this...once the purchase is over ask for a refund cheque, get the stamp by the customs before the final departure from the European Union and when you show your passport, credit card and the refund cheque at the nearest refund office, you can get the amount into your account.
This tax free shopping scheme was created for the benefit of tourists from countries outside the EU who visit the UK or another European participating country.
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