Parliamentary Search

Written question asked by Sarah Olney (Liberal Democrat) on Monday, 8 February 2021, in the House of Commons. It was due for an answer on Thursday, 11 February 2021 (named day). It was answered by Jesse Norman (Conservative) on Thursday, 11 February 2021 on behalf of the Treasury.

Arts: Tickets

Question

To ask the Chancellor of the Exchequer, with reference to the First Report of the Digital, Culture, Media and Sport Committee of 2020-21 entitled, Impact of COVID-19 on DCMS sectors: First Report, HC 291, if his Department will make an assessment of the potential merits of a three-year extension to the reduced rate of 5 per cent on tickets, as recommended by the Committee.

Answer

The temporary VAT reduced rate came into effect on 15 July 2020 and was initially scheduled to end on 12 January 2021.

In order to continue supporting the cash flow and viability of over 150,000 businesses and to protect 2.4 million jobs, the Government extended the temporary reduced rate of VAT (five per cent) to goods and services supplied by the tourism and hospitality sectors until 31 March 2021.

The Government keeps all taxes under review, and any future tax decisions will be made at Budget.

Secondary information

Type
Written question
Reference
150894
Session
2019-21
Related items
Subjects
Arts Disease control Prices Tickets Coronavirus
Link
View this Written question on www.parliament.uk