Commenting on the announcement that the government will be providing a one thousand pound allowance to “micro-entrepreneurs” making small amounts of income from trading or property, Will Hawkley, Head of Leisure, highlights the impact to the hotel industry.
“The introduction of these new allowances will help simplify taxation for the smaller players in the sharing economy who may previously have felt daunted by complicated tax structures. However for hoteliers this announcement may be met with consternation that more regulation has not been introduced for individual lets.
“These benefits are a huge boost for so called “micro-entrepreneurs”, but the industry may view with caution over fears of individuals flooding the market, resulting in hotels unable to operate on a level playing field."
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