Statically mobile
Williams, Dave
Statically mobile - 2006 - Taxation 156(4046) 23 February 2006, 540-541(2) .
The hotel buildings allowance can now be applied to benefit some holiday parks and caravan sites in the UK. However, a re-interpretation of the rules by an HM Revenue and Customs seminar aimed at the tourism industry, has led to a successfully negotiated corporation tax refund of £328 000, including interest, for a major holiday park operator in the West Country. The refund came about as a result of tax legislation which allows hotels to claim back building allowances against their corporate tax. HM Revenue and Customs have hinted that this could be expanded to include other leisure sector businesses, providing they match a certain criteria.
Statically mobile - 2006 - Taxation 156(4046) 23 February 2006, 540-541(2) .
The hotel buildings allowance can now be applied to benefit some holiday parks and caravan sites in the UK. However, a re-interpretation of the rules by an HM Revenue and Customs seminar aimed at the tourism industry, has led to a successfully negotiated corporation tax refund of £328 000, including interest, for a major holiday park operator in the West Country. The refund came about as a result of tax legislation which allows hotels to claim back building allowances against their corporate tax. HM Revenue and Customs have hinted that this could be expanded to include other leisure sector businesses, providing they match a certain criteria.