Martin Lewis has issued a clarifying statement for couples who have been shocked by an "extra tax bill" from HM Revenue and Customs (HMRC).
16.06.2024 - 12:41 / manchestereveningnews.co.uk
Martin Lewis has issued a warning to holidaymakers, suggesting a simple trick that could significantly reduce their costs if they've booked a hotel. The host of the BBC Sounds podcast took to Twitter and his ITV show, The Martin Lewis Money Show, to share his advice.
"Booked a hotel or car hire? A quick trick to try that could slice your costs. Courtesy of @itvMLshow," Mr Lewis tweeted. He explained: "Is your hotel or car hire cheaper now than when you booked? If so, and you've got free cancellation, well, so keep checking the prices.
"And if you suddenly find it cheaper, well rebook, and then cancel. I sent you a success of this. You did send me success. A reader wrote into Money Saving Expert saying: "A reader wrote into Money Saving Expert saying: "In January 2024, I booked a two-week car rental in the US for $1,024."
"After checking comparison sites in May, I checked back, and the same car was available. I cancelled the first booking, had my deposit refunded, and rebooked at a lower price. The lesson here is that booking early does not always guarantee the best price."
Martin added: "The lesson is here - get free cancellation.", reports Birmingham Live. However, one Twitter user, Jim Rowley, shared a cautionary tale.
He said: "We booked with http://stayforlong.com and on our last day the hotel informed me they had not been paid. I had to pay again and couldn't get through to stay for long. They have now informed me that they will not be reimbursing me as they do not accept my receipts?"
Another warned: "Dangerous advice. Suppliers are not stupid. Algorithms will pick this behaviour up." And another posted: "Here's a better tip, tell the government to tell the Bank of England to lower rates NOW."
"RIU Hotels had their
Martin Lewis has issued a clarifying statement for couples who have been shocked by an "extra tax bill" from HM Revenue and Customs (HMRC).
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