London tourist tax on accommodation will be capped at 5pc, mayor says
Legislation unveiled by the government this week will allow local authorities to charge a flat fee or percentage of an overnight stay for domestic and international guests in London accommodations.
The mayor of London has announced that a proposed tourist tax on accommodation will be capped at 5 percent of the cost, according to the BBC. London Mayor Sir Sadiq Khan expressed his support for the government's decision to grant local authorities the same powers as other cities, such as New York and Paris. The exact amount has yet to be determined, but the levy would be applied to various types of accommodations, including hotels, guesthouses, and short-term lets. The tax is expected to generate up to £240 million annually.
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