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Taxation: Hotels

Volume 485: debated on Thursday 18 December 2008

To ask the Chancellor of the Exchequer when he plans to announce a decision on the value added tax liability of unitised hotel projects following his review of the matter. (244697)

Officials are looking into the VAT treatment of various hotel investment schemes with a view to providing clarity and certainty for the parties involved. The arrangements are complex, they are not identical in nature, and this has required detailed analysis on the part of HM Revenue and Customs. Officials will be communicating their conclusions to hotel management companies and investors early in the new year.