India, Sept. 20 -- London is set to introduce a new tax on overnight stays, with the levy capped at 5 percent of accommodation costs, as revealed by recent legislation from the UK government. This is done to support the city's transport, regeneration, and cultural assets. City-specific tourist taxes is not a new concept; metropolises like Venice, Rome, Amsterdam, Barcelona and Berlin are already charging visitors.

Check out our story on destinations with the highest tourist taxes in the world to know more.

Tourist tax in London: Key details

Under the proposed rules, local authorities will be able to charge either a flat fee or a percentage-based charge on overnight stays for both domestic and international guests. Although the exact f...