Concert Halls and Theatres: VAT
(asked on 8th June 2020) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of introducing zero-rated VAT on ticket income for theatres and music venues.
This question was answered on 15th June 2020
VAT is an important source of revenue for the Exchequer and plays an important part in funding the Government’s spending priorities including hospitals, schools and defence, raising £130 billion in 2019/2020.
Given this context, while all taxes are kept under review, there are currently no plans to apply a zero-rate of VAT on ticket income for theatres and music venues.