Are you planning to buy an LV bag or accessory but not sure if it’s cheaper in Paris or London? Well, the truth is, it depends on several factors. Let’s dive into the details and help you make an informed decision.
Exchange Rate
One of the most critical factors affecting the price difference is the exchange rate between Euro and Pound. The exchange rate varies daily, so it’s essential to check before making any purchase. At present, one Euro is equivalent to 0.86 Pounds.
Tax Refund
Tax refund policies also differ between France and the United Kingdom. In Paris, non-EU residents can claim a VAT refund of 12% on purchases above €175. In contrast, in London, non-EU residents can claim a VAT refund of 20% on purchases over £30.
Note:
You need to show your passport and fill out a tax-free form at the time of purchase to claim VAT refunds.
LV Prices in Paris vs London
According to various reports, LV prices are generally lower in Paris than London due to lower taxes and duties. However, keep in mind that the difference may not be significant for some products.
Here are some examples:
- The classic Neverfull MM bag costs around €940 in Paris and £880 in London.
- The Speedy 30 bandouliere costs around €1,100 in Paris and £1,050 in London.
- The LV Archlight sneakers cost around €790 in Paris and £660 in London.
Conclusion
In conclusion, whether it’s cheaper to buy LV products from Paris or London depends on several factors such as exchange rate, tax refund policy, taxes & duties applied by each country, and the product you’re looking for. It’s recommended to do thorough research and compare prices before making a purchase.
Note:
LV prices may vary from store to store within each city, so it’s always better to check prices at multiple stores. Also, keep in mind that LV products are high-end luxury items and may still be expensive even with tax refunds and lower taxes.
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