Edinburgh is on the verge of introducing a 5% tourist tax, aiming to boost local funding and enhance city services for residents and visitors alike
Edinburgh: A beautiful city is about to make a big move. They’re looking to introduce a 5% tourist tax. The final decision is just days away.
Councillors have given the thumbs up for this visitor levy. If all goes well, it could start as early as May. They want to give everyone a little time to adjust.
After a long public consultation, the council will decide on January 24. Council Leader Jane Meagher believes this tax is a game changer for the city.
They expect to rake in over £100 million in the first three years. That’s a lot of cash! Some of it will go towards affordable housing and community projects.
From the remaining funds, 55% will help with city operations, 35% will support local arts, and 10% will be for tourism marketing. Sounds like a solid plan!
Cllr Meagher said this is a huge step for Edinburgh. It’s a chance to invest in what makes the city special for both visitors and locals.
During the meeting, some members even suggested raising the tax. The SNP wants it at 7%, while the Greens are pushing for 8%. The Conservatives think it should be lower, at 4%.
The SNP believes a higher tax could create more opportunities. They also want to boost the housing fund to £20 million.
If the council gives the green light next Friday, the tax will apply to bookings made after May 1. But some in the industry think that’s not enough time to prepare.
Cllr Meagher has been working on this for about ten years. She’s proud of the collaboration that’s gone into this plan. They’ve listened to everyone involved, and they want to keep improving it as it rolls out.
