Good News for Torbay’s Self Catering Businesses

Bay MP Adrian Sanders has welcomed the U-turn by the Government on the abolition of tax reliefs for self catering businesses.

Following pressure from the Liberal Democrats, the Government has abandoned its plans to change the rules for Furnished Holiday Lettings.  Ministers had claimed that the tax relief self catering businesses currently receive could be against EU law.  They had, though, provided no evidence why this would be the case.

The abolition of the tax relief could have put severe financial pressure on several businesses and put dozens of jobs in Torbay at risk.  Adrian raised this issue with Treasury Ministers when it became apparent in the Pre-Budget Report last year.

Adrian said: “This is very good news for Torbay self caterers.  I have voted against these proposals consistently in Parliament and it is heartening that Ministers have finally listened to reason and changed their policy.”