What Will Happen With Designer Bag Prices After Brexit?

What-will-happen-with-Designer-Bag-Prices-after-Brexit

As we might all know, the results of the Brexit Referendum is devastating for some people. There are worries that free movement of people and trade will be limited when United Kingdom is out of the EU. But we can never predict what will happen to the future.

However, what we can ask ourselves is: ‘What Will Happen With The Designer Bag Prices After Brexit?’. Here’s what we can conclude:

You see, when you’re an UK citizen, you cannot apply for tax-refund, that’s because the UK is part of the European Union. But what will happen after the UK leaves the EU? Does it mean that UK citizen can purchase Designer bags like Chanel and Hermes in Paris, and can apply for tax-refund? Probably, but we do not know what the regulation will be after Brexit. We will keep you informed at our site.

When you’re a tourist, there is an obstacle if you want to apply for tax-refund. Today the rule is that you can apply for tax-refund at your last stop within the EU. For example, if you travel from Rome, Paris to London, then your last stop is London. And so if you purchase a bag in Rome and another one in Paris, you can apply tax-refund for both bags in London, because London is your last stop.

But what will happen when the UK leaves the EU? That means that Paris is your last stop within the European Union and not the UK. That could mean that you need to apply tax-refund in Paris for all the goods you buy in the EU and not in the UK.

UK leaving the EU could be a bit complicated for tourist, but for a UK citizen that can enjoy the tax-refund, it might be a good thing.

So what’s your opinion?

UPDATE:

15/7/2016: Designer brands are increasing their prices of handbags (and other clothing and accessories) due to the fall of the pound. For example, Chanel has increased the Medium Boy Quilted Flap Bag from £2630 GBP to £3150 GBP in heathrow. That is an increase of almost 20%. (credit: Tammy)

The Chanel Classic Flap Bags and Reissue 2.55 Flap Bags are increased by 7%. You can check more about the new prices here: Chanel Classic Bag Prices

COMMENTS
  • Diana

    REPLY

    Hi I’m going to London and Paris on November 2016. Which country is cheaper to buy a Louis vuitton bag? And how much is the vat refund for respective country? Thank you.

    November 5, 2016
  • Selina

    REPLY

    Do you know by any chance what the price of the woc has increased to?
    Is it still around 850 gbp?
    Kind of sneaky that the luxury brands hiked the prices more than the pound actually lost in value..

    August 9, 2016
  • Cammy

    REPLY

    so, does anyone know buying Chanel is cheaper in UK or in Europe now? I will be going to these two countries from Asia soon!

    July 19, 2016
    • Cynthia

      REPLY

      Hi Cammy, there is a price increase recently, if you buy your bag at the Heathrow airport, it will be still cheaper.

      July 22, 2016
  • Anonymous

    REPLY

    It’s extremely difficult to apply for tax refund in London. You do it after the checkin. Hence you lug all your items with you. No trust there too. They check each item against the receipt. Far more comfortable to do tax refunds in Italy or Paris. London is no loss for tourists when it comes to tax refunds.

    July 15, 2016
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