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Budget 2007: Hotel Sector

John Endacott, tax partner at Winter Rule chartered accountants and Chairman of the SME Tax Committee of the Tax Faculty of the ICAEW, discusses the impact of the Budget on the hotel sector

 
John Endacott tax partner at Winter Rule chartered accountants and Chairman of the SME Tax Committee of the Tax Faculty of the ICAEW discusses the impact of the Budget on the hotel sector
 
The reform of corporation tax and the related changes to capital allowances announced in the Budget will have a substantial impact on the hotel sector. This is because the tourism sector is a highly capital-intensive industry. This article considers the potential impact of the Budget on the hotel industry although much of it will also be relevant to other sectors such as manufacturing food production...

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