Tourism is a key industry in Wales, accounting for 5% of Welsh gross value-added in 2019, 11% of all employment, and 11% of all registered enterprises in the country (as of 2020). Given the importance of its tourism sector, the Welsh Government wants to…
Read MoreIn 2017, the Welsh Government introduced its own taxation policy for transactions involving the sales and leasing of land and buildings, replacing the UK’s Stamp Duty Land Tax (SDLT). Wales’s new Land Transaction Tax and Anti-avoidance of Devolved Taxes Act 2017 (LTTA) …
Read MoreAs part of his Summer Statement, UK Chancellor Rishi Sunak has announced a temporary cut to the value-added tax (VAT) from 20% to 5% across hotels, restaurants and cinemas, a move that many in the hospitality and…
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