Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment with Cabinet colleagues of the potential merits of reducing VAT on cultural ticketing in Grassroots Music Venues.

VAT is a broad-based tax on consumption, and the 20 per cent standard rate applies to most goods and services. VAT is the UK’s third largest tax, forecast to raise £180 billion in 2025/26.

Tax breaks reduce the revenue available for vital public services and must represent value for money for the taxpayer. Exceptions to the standard rate have always been limited and balanced against affordability considerations.