UK Government Confirms VAT Cut Applies To Music Industry Concerts and Events

The government has clarified today that music concerts and shows will benefit from the VAT cut which forms part of a £30bn plan to prevent mass unemployment as the economy is hit by coronavirus.

The assurance comes after Chancellor Rishi Sunak announced a series of major spending commitments to help the economy and prevent mass unemployment.

Both the British Phonographic Industry and HMV owner Doug Putman have also called for a sales tax holiday for physical music to boost retail, while UK Music has called for a VAT exemption on ticket sales to help the live sector.

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