Are you planning a trip to London and wondering if you can save some money on your next Louis Vuitton purchase? Well, you’re in luck because we have all the information you need.
First things first, let’s talk about why Louis Vuitton products are cheaper in London. It all comes down to the value-added tax (VAT) refund that non-European Union (EU) residents are eligible for. The VAT is a tax that is included in the price of goods and services in the UK, but non-EU residents can claim it back when they leave the country.
So how much cheaper is Louis Vuitton in London? Well, it depends on what you’re buying and how much it costs. The VAT refund rate is currently 20%, so if you buy something for £1000, you can get a refund of £200.
But keep in mind that there are some conditions to be eligible for a VAT refund. You must be a non-EU resident and plan to leave the country within three months of your purchase. You also need to spend at least £30 in one shop on the same day and keep your receipts.
Now that we’ve covered the basics, let’s dive into some examples of how much cheaper Louis Vuitton products are in London compared to other countries.
Louis Vuitton Speedy 30
The iconic Louis Vuitton Speedy 30 handbag is a popular choice among fashion lovers. In London, the retail price for this bag is £785 (as of September 2021). If you’re eligible for a VAT refund, this would bring the price down to £628 – a saving of £157.
In comparison, the retail price for this bag in the United States is $1,020 (approximately £739), which means that even with the VAT refund, it’s still cheaper to buy it in London.
Louis Vuitton Neverfull MM
Another popular bag from Louis Vuitton is the Neverfull MM. In London, the retail price for this bag is £1,160 (as of September 2021). With a VAT refund, the price would come down to £928 – a saving of £232.
In the United States, the retail price for this bag is $1,580 (approximately £1,146), which means that it’s significantly cheaper to buy it in London even with the VAT refund.
Louis Vuitton Alma BB
If you’re looking for a smaller bag, the Louis Vuitton Alma BB might be just what you need. In London, the retail price for this bag is £1,210 (as of September 2021). With a VAT refund, you can bring that price down to £968 – a saving of £242.
In comparison, the retail price for this bag in Japan is ¥205,200 (approximately £1,335), which means that it’s much cheaper to buy it in London with the VAT refund.
In conclusion, if you’re a non-EU resident planning a trip to London and have your eye on some Louis Vuitton products, you can definitely save some money by taking advantage of the VAT refund. Just make sure to check all the requirements and keep your receipts.
Happy shopping!