Question to the HM Treasury:
To ask Her Majesty's Government what consideration they have given to introducing an advertising tax credit as part of their COVID-19 economic recovery package in order (1) to help stimulate consumer spending, and (2) to assist the retention of employment in the advertising industry.
The Government has no plans to introduce a new tax credit for business expenditure on advertising. The Chancellor keeps all aspects of the tax system under review, and announces any changes at a fiscal event.