CLA Wales is delighted that after intensive lobbying it has been decided to abandon the proposed changes to tax relief for furnished holiday lettings.
The rural economy experts say it’s good news that in the ‘parliamentary wash-up’ the decision was taken to retain the more favourable tax position. It says the changes proposed in the Budget would have amounted to a stealth tax that would have discouraged farmers and land managers from developing accommodation for tourists.
CLA Wales Policy Adviser Sue Evans said: "This is great news for those with furnished holiday lets in Wales. A welcome ray of sunshine just as the tourist numbers increase. This will help boost morale as well as secure incomes this coming financial year to small businesses in Wales."
But a casualty of the parliamentary pre-election business was the 50 pence per month broadband levy. CLA Wales says investment in the broadband infrastructure is vital for rural business and will continue to lobby for improved access.
Businesses can now only submit VAT returns online, and still one third of the country does not have adequate access to broadband. The CLA will lobby the next Government to ensure provision of broadband for all becomes a reality."
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