- UK Music is calling on the government to reduce the VAT rate on ticket sales from 20% to 10%
- This is in response to the closure of 125 grassroots music venues in 2023 due to rising costs and a cost-of-living crisis for concertgoers
- UK Music believes that cutting VAT on tickets could save many music venues and support local economies
- The Association of Independent Festivals is also calling for a VAT cut on music festival ticket sales from 20% to 5% for three years
Source: musically.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
