Question to the HM Treasury:
To ask Her Majesty's Government whether they will (1) cancel, or (2) delay, the planned VAT rise on culture tickets, given the COVID-19 Plan B restrictions.
All taxes are kept under review, but there are no plans to extend the 12.5 per cent reduced rate of VAT. This relief has cost over £8 billion. Applying a reduced rate of VAT for a longer period would impose additional pressure on the public finances, to which VAT makes a significant contribution.