Research by mid-tier firm UHY Hacker
Young has found that nearly 90% of hoteliers believe a bed tax would hit the
UK tourist trade.
The firm spoke to financial directors on the boards of 17 hotel groups
and found that 88% believed a bed tax would reinforce the perception of the UK
as a high-cost destination.
Guest, a partner at UHY Hacker Young, said: ‘This is another example of a
stealth tax on UK business.’
‘A bed tax would put the hotel industry under even more pressure following on
from increases in the minimum wage and rising business rates. This is at a time
when energy costs are also escalating,’ he added.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states