Live music industry hits back at VAT increase on tickets
News: 4th February 2021 by Stef Loukes under Live
The discount on VAT on sale of live music tickets is due to end on 31st March, but with a live music industry that is still nowhere near recovered, and the VAT rate due to go back up to 20% imminently, live music organisations are calling upon the UK government to extend this discount further.
As explained by the Music Venue Trust, the industry has unfortunately been unable to reap the benefits of the VAT discount in the past 12 months: "Since announcing that year long VAT break, hardly a single ticket has been sold. The financial support offered hasn't yet been used, and it is still badly needed for our industry to recover."
Industry body, LIVE, is encouraging the live music sector to get behind their campaign #KeepVATat5 ahead of Rishi Sunak's budget announcement next month.
Related Links
https://www.facebook.com/musicvenuetrust/photos/a.201424613398267/1641124139428300/
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Live music industry campaign UK government to extend VAT discount on tickets
