initially introduced in July last year, but the prolonged closures of venues due to the coronavirus pandemic means that they are yet to directly benefit.
It is now feared that the VAT rate could now rise to 20%, striking a direct blow to beleaguered venues.Greg Parmley, CEO of LIVE (Live music Industry, Venues & Entertainment), said: “The live music industry supports hundreds of thousands of skilled jobs across the UK and brings in billions of pounds for the UK economy.
This policy was brought in to support our industry during these desperate times but currently we are still closed. Reversing this policy before we can start to sell tickets again would be perverse and cripple our recovery.”Julian Knight MP, Chair of the Digital, Culture,.
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