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<p>The Government engaged with varied stakeholders and produced analysis on the cost
of VAT-free shopping before withdrawing the previous scheme.</p><p> </p><p>Our analysis,
which took increased tourist spending into account, found that introducing worldwide
VAT-free shopping would come at a fiscal cost of £2 billion each year.</p><p> </p><p>Furthermore,
the OBR’s assessment of the previous VAT-free shopping scheme showed that its withdrawal
would have a limited behavioural effect on decisions to visit, or spend, in the UK.</p>
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