A report from the TaxPayers’ Alliance shows that the average UK holidaymaker will pay £62 per holiday in taxes; double what they paid in 2008.
It’s clear that Britons have been voting with their feet as between 2008 and 2013, foreign holidays reduced from 47% to 39% of holiday trips. According to figures quoted in the report, staying in the UK means that holidaymakers could save £21 of tax per holiday by avoiding air passenger duty and insurance premium tax.
Milsted Langdon believes that this increase will fuel the public’s growing interest in sustainable options in the UK, such as caravan and holiday parks.
Despite the much-vaunted abolition of air passenger duty children aged under 12 years, the popularity of taking holidays in the UK remains high and looks to continue growing.
Milsted Langdon believes that holiday parks should promote the advantages of holidaying in the UK and knows that long-term strategic planning is a key step to holiday parks maximising their performance and reaching their full potential. The firm’s specialists will work with you to identify where you are now and where you want to be in the future, as well as defining your objectives and the actions you need to achieve them. We can help with issues including cash flow projections and forecasting to support proposals for funding for new developments and assist in raising finance. For more information, please contact us.