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1 Hotel cover.indd - Nicola Cottam

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Key Issues: Legislation: Tax<br />

Finally, a number of reports have suggested that we will see moves by HMRC to encourage anyone with undeclared<br />

income, particularly in an offshore account, to regularise their position. While this is in no way specifically aimed<br />

at the hotel industry, one could imagine that some people in the industry will be affected. Anyone who did find<br />

themselves in this net should undoubtedly seek professional advice.<br />

In short, tax is an issue that needs careful management in the hotel industry, not least because it is an area that is<br />

subject to constant change.<br />

March 2007 <strong>Hotel</strong> Report Guide to UK <strong>Hotel</strong>s l © William Reed Publishing 42

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