LIVE calls on industry to urgently support KeepVATat5 campaign
3rd February 2021 (Access All Areas). Live music industry umbrella group LIVE (Live music Industry Venues & Entertainment) has called on the events industry to support its #KeepVATat5 campaign in an effort to persuade Government to maintain the current 5% VAT rate on ticket sales for the next three years. The reduced rate period is scheduled to end on March 31. The organisation issued a statement that said action was needed ahead of the budget to convince the chancellor Rishi Sunak to maintained the 5% rate. It claimed that of all of the support measures the industry is requesting the Government take, keeping the VAT rate on tickets at 5% for the next three years will make the single biggest impact to the sector’s recovery.
By Christopher Barrett
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