UK government slashes VAT on concerts
Another #LetTheMusicPlay objective fulfilled, as British chancellor Rishi Sunak announces a 15% reduction in value-added tax on live events until the end of the year
News By IQ | 9 July 2020
The British government has announced that value-added tax (VAT) levied on concert and event tickets will be reduced to 5% from next week.
A cut in VAT was one of three main demands of last week’s #LetTheMusicPlay campaign, along with a financial support package and a timeline with reopening music venues without social distancing. Following the announcement of on Sunday of a £1.57 billion aid package for the cultural sector, only the call for a confirmed date for reopening…
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