Music Venues: Tax Allowances

(asked on 20th March 2023) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the case for granting tax relief for grassroots music venues to grant them parity with theatres, orchestras and other cultural institutions.

Answered by
Baroness Penn Portrait
Baroness Penn
Minister on Leave (Parliamentary Under Secretary of State)
This question was answered on 29th March 2023

The Government recognises the value of the UK’s world leading creative industries and arts sectors.

The objective of the creative industry tax reliefs is to support and incentivise production rather than to support venues themselves.

The Government keeps all tax policy under review and regularly receives proposals for new tax reliefs. When considering a new tax relief, the Government must ensure it supports businesses in a fair way and that taxpayer money is effectively targeted. A tax relief for grassroots music venues is not currently under consideration.

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