The Value of Fashion 2020

What data can tell us about the fashion industry's economic value, employment levels, patterns of growth and consumption habits. 
Key business statistics for the fashion industry across the UK, based on ONS figures. Campaigns we are running to support the UK fashion industry.

 
 
 
 
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Why The U-Turn on the VAT Retail Export Scheme Is A Mistake by Tamara Cincik
Why The U-Turn on the VAT Retail Export Scheme Is A Mistake by Tamara Cincik


The VAT RES allowed the UK to be the number one European destination for global tourists looking to purchase fashion items and reclaim their tax. This was stopped when the UK left the EU and currently Paris, not London is their tax-free tourist destination of choice.

Fashion Roundtable Calls On Our Sector to seek More Support From The UK Government.
Fashion Roundtable Calls On Our Sector to seek More Support From The UK Government.

Photographers, stylists, make up artists (and so on) perform virtually identical roles and the sector also relies heavily on international talent. The UK fashion industry makes over 10 times what film does for the UK economy, but this is severely at risk if we are not operating on a level playing field.

Everything You Need To Know About The VAT Retail Export Scheme
Everything You Need To Know About The VAT Retail Export Scheme

In September, the UK government announced its decision to abolish the VAT Retail Export Scheme. VAT RES, which has enabled foreign visitors to purchase goods and claim back VAT, is scheduled to end from 1 January 2021. But the decision to withdraw the VAT Retail Export Scheme puts the retail, tourism and hospitality sectors at risk.

 
 
value of fashionTamara Cincik