Advertising: Taxation

(asked on 10th July 2020) - View Source

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.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 22nd July 2020

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.

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