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.
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Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory