There will be winners and losers if, as seems likely, the £1 levy is implemented next year.
Analysts claim high-end operators will benefit, although there is widespread concern that new entrants will find it harder to get into the industry because they will still be required to bond, as well as provide some sort of personal guarantee.
“Entrepreneurs may find the extra cost requirements prohibitive, which will be disastrous,” said one insider.
Accountant Chris Photi, partner at White Hart Associates, said one client selling luxury holidays could save between £30,000-£40,000 a year under the levy.
“The ones that will suffer will be operators selling huge amounts of low-value,” he said.
“The levy will make it easier for existing businesses and will work out cheaper for the bigger companies.”
By Lisa James
