8
Introduce a temporary, capacity-based VAT cut for grassroots music venues to stimulate activity.
Recommendation
A targeted and temporary cut to VAT for grassroots music venues on tickets would help to improve the immediate risk-profile of live music for promoters and in-house programmers, who take on the financial risk, and help get more shows into venues. The Government should introduce a temporary cut to VAT, based on venue capacity, to stimulate grassroots music activity and the wider economic benefits to local areas that grassroots music shows provide.
Paragraph Reference
59
Government Response
A response document is linked to this report, dated 14 November 2024. Response attribution to this recommendation has not been verified. Read the response document.
Source
Committee
Culture, Media and Sport Committee
Inquiry
Grassroots music venues
Report
Seventh Report - Grassroots music venues
11 May 2024
HC 527
Addressee Bodies
Department for Culture, Media and Sport
Timeline
Recommendation age
2.3 yrs
Report published
11 May 2024