Arts and Night-time Economy: Coronavirus

(asked on 9th July 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will take steps with the Secretary of State for Digital, Culture, Media and Sport to introduce full VAT exemption on ticket sales in the (a) creative sector and (b) night time economy.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 14th July 2020

In light of the COVID-19 outbreak, the Chancellor has pledged a range of measures to help individuals and businesses through the crisis, including grants, loans and relief from business rates worth more than £300 billion.

To support over 150,000 businesses and protect 2.4 million jobs following the lifting of the Covid-19 lockdown, the Government will temporarily apply a reduced rate of VAT (5%) to tourist attractions and goods and services provided by the hospitality industry.

The Government has also announced a major £1.57 billion package to support key cultural organisations during this crisis. This funding will provide targeted support to organisations across a range of sectors, including performing arts and theatres, museums and galleries, heritage sites, live music venues and independent cinema.

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