financeshorttermrentalz.com··1 min·For: Owner, GM, Revenue, Investor
England Introduces Tourist Tax Bill on Stays
The UK government has introduced legislation allowing English mayors to impose a visitor levy of up to 5% on overnight stays, including hotels and holiday lets. Accommodation providers will be responsible for collecting and remitting the tax, facing strict penalties for fraudulent evasion.
Key Takeaways
- 1Local mayors gain powers to levy up to a 5% pre-VAT charge on paid overnight stays, including short-term rentals.
- 2Accommodation operators are directly responsible for reporting and remitting the tax to local authorities.
- 3The bill proposes up to 14 years imprisonment for fraudulent evasion of the levy.
Source: shorttermrentalz.com
Keep reading
Our reporting
More in finance