Quick Navigation:
Latest UKTRF News:
 Progress on Espace Voyageur
Representatives of ETRC and UKTRF had a very constructive meeting with the EU Commission on 12 July 2010 on the Espace Voyageur concept for airside retailing at airports.........(more).
2nd of September 2010
Full Story
About TREND News
We are very grateful to the Travel Retail Executive News Digest for providing our international news feed.
You can see a complete list of the latest TREND News items by (Latest TREND News).
We also have an archive of previous TREND items. (TREND Archive).
Alternatively, you can visit the TREND site or subscribe to their RSS Feed by clicking the icon below.
|
Question: Is there any difference between duty-free and tax-free?
Created on the 10 August 2006
Answer:
Yes - even though the terms duty-free and tax-free are often used synonymously, there is a slight difference between them. Duty-free means that goods are free of excise duty (which applies only to tobacco, alcohol and mineral oils) whereas tax-free means that goods are free of VAT. However there is an additional factor in that VAT is also applicable to tobacco and alcohol, and therefore in practice 'duty-free' means that products are free of both excise duties and VAT, whereas 'tax-free' applies to all other goods which are only liable for VAT, such as fragrances, watches, cameras, fashion goods, etc.
Add your own FAQ
You can
send us your own question. We shall endeavour to post the answer as soon as possible.
|
