Concert Halls and Theatres: VAT
(asked on 29th June 2020) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what plans he has to reduce VAT on ticketing for (a) music venues, (b) theatres and (c) other creative venues.
This question was answered on 2nd July 2020
Admissions to cultural venues are already exempt from VAT if they are provided by a local authority or an eligible body such as a charity, otherwise they attract the standard rate of VAT.
Extending this relief would carry a very significant cost to the Exchequer and must be viewed in the context of almost £50 billion of requests for relief from VAT since the EU referendum and in response to Covid-19. The Treasury keeps all taxes under review.