Bicester Village warns on VAT rules

The owner of Bicester Village has dismissed mandarins’ efforts to defend a Treasury crackdown on duty-free shopping and warned it risks trashing tourism after Brexit. James Lambert, boss of the destination’s owner Value Retail, hit out at a new rule which will stop overseas visitors from reclaiming VAT on luxury purchases in the UK. At present, buyers can apply for the money back in airports before flying away. However, once the rules have changed next year, this will no longer be po