Music lovers are advised to buy concert tickets by midnight to avoid raising VAT on concert and live event ticket prices. The 7.5% increase, scheduled to begin tomorrow (April 1), preceded the Prime Minister’s March 23 spring statement earlier this month. The live event tickets are currently subject to 12.5% VAT, but Rishi Sunak is adjusting tax refunds to the pre-pandemic level of 20%.
Mark David, Chief of the Music Venue Trust, wrote on Twitter: Tomorrow, the UK Government will impose one of the highest VAT in the world on live concert events. If you buy overnight tonight, most of the money will be paid to artists, venues, staff and promoters.
“So, if you’re a fan of live music, visit the website of your local venue today to check out all the upcoming shows and buy what you can do in advance. Today. Now. It’s time for this show to start. It’s a great offer for everyone involved. “
Tax increases have spread criticism throughout the industry that they are negatively impacting the recovery of the sector after a pandemic. British music boss Jamie Nojok Goodwin wrote to the Prime Minister about a mini-budget to end the tax hike.
“Raising VAT to 20% would do a lot of damage to the music industry, and music lovers could face a big crisis,” he said. “This increase was made during the rebuilding of COVID19 and hundreds of concerts are planned in the coming months.” UK Music plans a 6-point plan to extend the current 50% discount on trade rates. I also asked. At the music venue, British artists will be able to tour the EU to deal with additional costs and red tape after Brexit. Helping means giving more money.
The epidemic has previously been criticized for handling Brexit tour blunders and the potential for future facilities in nightclubs and music venues. Elsewhere, live music industry leaders and insiders criticized the “ignorant” British government and talked about the remaining issues with casts and crew who wanted to tour Europe a year later. Kevin Brennan, a Labor member of Deal-Brexit and a member of the DCMS Election Committee, raised the issue at the House of Commons and told Jacob Rees Mogg, the conservative leader of the House of Commons, that the government was not aggressive and overcame the rest.
I advised that I tried. Was fully engaged. He mentioned a recent article about the obstacles to live music on the continent and the ongoing frustration surrounding the post-Brexit tour. ReesMogg defended the government’s current attitude and approach to artists who want to visit the EU after Brexit, saying, “There is a new musical express this morning, or really every morning.”