Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make a further assessment of the potential merits of a tax incentive to encourage music production in the UK.
The Government keeps all tax policy under review and regularly receives proposals for sector-specific tax reliefs. When considering a new tax relief, the Government must ensure it supports businesses in a fair way and that taxpayer money is effectively targeted. A tax relief to encourage music production is not currently under consideration.