The live industry has again called on the UK government to reinstate the lower VAT rate on tickets that was put in place during the pandemic as venues, promoters and artists continue to face significant financial challenges.
LIVE says that the government should announce it is reinstating the lower 5% VAT rate on tickets as well as cutting business rates in its upcoming budget statement, which is due to be made on 15 Mar.
Source: completemusicupdate.com
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