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1536125

registered interest
date	25/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Events Industry: VAT
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, further to the answer by Lord Kamall on 20 October (HL Deb col 1168), whether there are ongoing discussions with the arts sector regarding a reduction in VAT on tickets; and what assessment they have made of the effect of such a measure on the sector.
tabling member printed	The Earl of Clancarty
uin	HL2868
answer	answer is ministerial correction date of answer 08/11/2022 answer text <p>VAT is a broad-based tax on consumption and the 20 per cent standard rate applies to most goods and services. Exceptions to the standard rate have always been limited by both legal and fiscal considerations.</p><p> </p><p>VAT is the UK’s third largest tax forecast to raise £154 billion in 2022/23, helping to fund key spending priorities such as important public services, including the NHS and policing.</p><p> </p><p>In addition, a request for a VAT cut should be viewed in the context of over £50 billion of requests for relief from VAT received since the EU referendum.</p><p> </p><p>Currently, there are no plans to reduce the main rate of VAT on tickets for the art sector. However, the Government keeps all taxes under review as part of the tax policy making cycle and Budget process.</p> answering member printed Baroness Penn question first answered 08/11/2022 16:44:47 answering member 4726 label Biography information for Baroness Penn
tabling member	3391 label Biography information for The Earl of Clancarty

1464258

registered interest
date	18/05/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Events Industry: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment in this financial year of what impact the current level of VAT being levied on ticket sales for cultural events is having on that industry; if he will make an assessment of the potential merits of reducing the VAT level thereon; and if he will make a statement.
tabling member constituency	East Yorkshire
tabling member printed	Sir Greg Knight
uin	4489
answer	answer is ministerial correction date of answer 24/05/2022 answer text VAT has been designed as a broad-based tax on consumption and the twenty per cent standard rate applies to the vast majority of goods and services, including tickets for cultural events. While there are exceptions to the standard rate, these have always been strictly limited by both legal and fiscal considerations. The Government keeps all taxes under review, but there are no plans to change the current VAT treatment on ticket sales.<p> </p><p>Tickets were within the scope of the temporary reduced rate of VAT for hospitality and tourism, which was introduced on 15 July 2020 to support the cash flow and viability of around 150,000 businesses and protect over 2.4 million jobs during the Coronavirus pandemic. This relief ended on 31 March 2022. It is right that as Coronavirus restrictions were lifted and demand for goods and services in these sectors increased, the temporary tax reliefs were first reduced and then removed in order to rebuild and strengthen the public finances.</p><p> </p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 24/05/2022 12:59:31 answering member 4517 label Biography information for Lucy Frazer
tabling member	1200 label Biography information for Sir Greg Knight